Metro Inc. (TSE:MRU) Given Consensus Recommendation of “Hold” by Brokerages

Metro Inc. (TSE:MRU) has earned an average recommendation of “Hold” from the seven analysts that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$87.50.

A number of research analysts recently commented on MRU shares. Desjardins upped their price objective on Metro from C$85.00 to C$95.00 in a report on Friday, November 22nd. Royal Bank of Canada lowered shares of Metro from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 21st. BMO Capital Markets increased their target price on Metro from C$82.00 to C$85.00 in a research note on Thursday, August 15th. Cfra increased their target price on shares of Metro from C$76.00 to C$85.00 in a report on Thursday, August 15th. Finally, National Bankshares increased their price target on Metro from C$85.00 to C$88.00 in a research report on Thursday, August 15th.

Metro Trading Down 1.2 %

Shares of Metro stock opened at C$91.23 on Monday. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41. The stock’s 50 day simple moving average is C$85.39 and its 200-day simple moving average is C$81.54. The stock has a market cap of C$20.31 billion, a P/E ratio of 22.31, a P/E/G ratio of 4.06 and a beta of 0.08. Metro has a 1-year low of C$65.43 and a 1-year high of C$93.00.

Metro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 12th were paid a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Thursday, October 24th. Metro’s dividend payout ratio is currently 32.76%.

About Metro

Metro Inc, through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. The company operates supermarkets, discount, neighborhood, and specialty stores that provide fresh and grocery products, baked goods, prepared food products, meats, dairy products, fruits and vegetables, frozen food products, bakery products, delicatessen items, and pastries.