Brokerages Set Metro Inc. (TSE:MRU) PT at C$84.25

Metro Inc. (TSE:MRU) has received an average recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$84.25.

A number of equities analysts recently commented on MRU shares. National Bankshares raised their target price on Metro from C$85.00 to C$88.00 in a report on Thursday, August 15th. BMO Capital Markets raised their target price on Metro from C$82.00 to C$85.00 in a report on Thursday, August 15th. TD Securities upgraded Metro from a “hold” rating to a “buy” rating and raised their target price for the company from C$80.00 to C$92.00 in a report on Monday, July 22nd. CIBC increased their price target on Metro from C$77.00 to C$86.00 in a research report on Thursday, August 15th. Finally, Cfra increased their price target on Metro from C$76.00 to C$85.00 in a research report on Thursday, August 15th.

Metro Stock Performance

TSE MRU opened at C$84.69 on Wednesday. The stock has a market cap of C$18.85 billion, a PE ratio of 20.71, a P/E/G ratio of 2.12 and a beta of 0.08. The company has a current ratio of 1.10, a quick ratio of 0.41 and a debt-to-equity ratio of 64.18. Metro has a twelve month low of C$65.43 and a twelve month high of C$87.22. The stock has a fifty day simple moving average of C$82.70 and a 200-day simple moving average of C$76.62.

Metro (TSE:MRU) last announced its earnings results on Wednesday, August 14th. The company reported C$1.35 EPS for the quarter, meeting analysts’ consensus estimates of C$1.35. Metro had a return on equity of 13.74% and a net margin of 4.36%. The company had revenue of C$6.65 billion during the quarter, compared to analysts’ expectations of C$6.58 billion.

Metro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 24th will be given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Thursday, September 5th. Metro’s dividend payout ratio (DPR) is presently 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.