Metro (TSE:MRU) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Metro Inc. (TSE:MRU) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$80.48 and traded as high as C$87.08. Metro shares last traded at C$86.28, with a volume of 530,381 shares.

Wall Street Analysts Forecast Growth

MRU has been the subject of several recent analyst reports. BMO Capital Markets upped their price target on Metro from C$82.00 to C$85.00 in a research note on Thursday, August 15th. National Bankshares upped their price target on Metro from C$85.00 to C$88.00 in a research note on Thursday, August 15th. Desjardins upped their price target on Metro from C$75.00 to C$80.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. Royal Bank of Canada upped their price target on Metro from C$84.00 to C$90.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, Cfra upped their price target on Metro from C$76.00 to C$85.00 in a research note on Thursday, August 15th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$85.00.

Metro Stock Up 0.3 %

The company has a current ratio of 1.10, a quick ratio of 0.41 and a debt-to-equity ratio of 64.18. The stock has a market capitalization of C$19.21 billion, a P/E ratio of 21.10, a P/E/G ratio of 4.06 and a beta of 0.08. The business has a 50-day moving average price of C$84.55 and a 200 day moving average price of C$80.48.

Metro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 12th were given 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 1.55%. 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.