BMO Capital Markets Forecasts Strong Price Appreciation for Metro (TSE:MRU) Stock

Metro (TSE:MRU) had its target price upped by BMO Capital Markets from C$96.00 to C$110.00 in a report released on Friday morning,BayStreet.CA reports.

Other research analysts also recently issued research reports about the company. National Bankshares upped their price objective on Metro from C$94.00 to C$102.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 2nd. UBS Group boosted their price target on shares of Metro from C$98.00 to C$99.00 in a report on Thursday, January 30th. Finally, Scotiabank raised their price objective on shares of Metro from C$98.00 to C$100.00 in a report on Thursday, January 30th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Metro presently has a consensus rating of “Hold” and a consensus target price of C$96.00.

Metro Price Performance

Shares of TSE MRU opened at C$100.42 on Friday. The company has a market capitalization of C$22.21 billion, a PE ratio of 23.18, a PEG ratio of 4.06 and a beta of 0.08. The company has a quick ratio of 0.41, a current ratio of 1.35 and a debt-to-equity ratio of 62.29. The stock’s 50 day moving average price is C$94.41 and its 200-day moving average price is C$90.19. Metro has a twelve month low of C$69.19 and a twelve month high of C$103.59.

Metro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, March 11th were issued a $0.37 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.48 annualized dividend and a yield of 1.47%. This is a positive change from Metro’s previous quarterly dividend of $0.34. Metro’s dividend payout ratio (DPR) is 30.93%.

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.