Desjardins Issues Positive Forecast for Metro (TSE:MRU) Stock Price

Metro (TSE:MRU) had its price target hoisted by Desjardins from C$85.00 to C$95.00 in a research note released on Friday,BayStreet.CA reports.

A number of other research firms have also recently commented on MRU. BMO Capital Markets raised their target price on Metro from C$82.00 to C$85.00 in a research report on Thursday, August 15th. Cfra raised their target price on Metro from C$76.00 to C$85.00 in a research report on Thursday, August 15th. Royal Bank of Canada raised their target price on Metro from C$84.00 to C$90.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. CIBC raised their target price on Metro from C$86.00 to C$91.00 in a research report on Thursday, November 21st. Finally, National Bankshares raised their target price on Metro from C$85.00 to C$88.00 in a research report on Thursday, August 15th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$87.50.

Metro Price Performance

TSE:MRU opened at C$89.62 on Friday. Metro has a one year low of C$65.43 and a one year high of C$90.72. The company has a debt-to-equity ratio of 64.18, a quick ratio of 0.41 and a current ratio of 1.10. The firm has a market cap of C$19.95 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 4.06 and a beta of 0.08. The firm’s fifty day moving average is C$84.77 and its two-hundred day moving average is C$81.03.

Metro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 12th were paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Thursday, October 24th. Metro’s dividend payout ratio (DPR) is 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.