Metro Inc. (TSE:MRU) Receives Consensus Rating of “Hold” from Brokerages

Metro Inc. (TSE:MRU) has received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$89.33.

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada cut shares of Metro from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 21st. UBS Group set a C$98.00 price target on Metro and gave the stock a “neutral” rating in a research note on Friday, December 13th. National Bankshares upped their price objective on Metro from C$89.00 to C$94.00 and gave the company a “sector perform” rating in a research report on Monday, January 13th. CIBC raised their target price on Metro from C$86.00 to C$91.00 in a research report on Thursday, November 21st. Finally, Desjardins upped their price target on shares of Metro from C$85.00 to C$95.00 in a research report on Friday, November 22nd.

Metro Trading Down 0.6 %

Metro stock opened at C$90.08 on Tuesday. The business’s fifty day moving average is C$90.48 and its 200 day moving average is C$85.66. Metro has a one year low of C$68.12 and a one year high of C$94.86. The stock has a market capitalization of C$20.05 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41.

Metro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 12th were paid a dividend of $0.335 per share. The ex-dividend date was Thursday, October 24th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.49%. 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.