Metro (TSE:MRU) Sets New 52-Week High at $84.81

Metro Inc. (TSE:MRU) hit a new 52-week high during trading on Thursday . The company traded as high as C$84.81 and last traded at C$84.65, with a volume of 135490 shares changing hands. The stock had previously closed at C$83.95.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of Metro from C$82.00 to C$85.00 in a research report on Thursday, August 15th. National Bankshares upped their price target on Metro from C$85.00 to C$88.00 in a research report on Thursday, August 15th. TD Securities upgraded Metro from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$80.00 to C$92.00 in a research report on Monday, July 22nd. Royal Bank of Canada raised their target price on Metro from C$82.00 to C$84.00 in a research note on Friday, July 12th. Finally, Cfra upped their price objective on shares of Metro from C$76.00 to C$85.00 in a report on Thursday, August 15th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Metro has an average rating of “Hold” and a consensus target price of C$84.25.

Metro Stock Up 0.2 %

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 business has a 50 day simple moving average of C$80.60 and a 200 day simple moving average of C$75.43. The company has a market capitalization of C$18.85 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 2.12 and a beta of 0.08.

Metro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 24th will be given a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 1.58%. The ex-dividend date is Thursday, September 5th. Metro’s dividend payout ratio is currently 32.76%.

Metro Company Profile

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.