Analysts Set Metro Inc. (TSE:MRU) Price Target at C$77.21

Shares of Metro Inc. (TSE:MRU) have received a consensus recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$77.21.

MRU has been the subject of a number of research analyst reports. Scotiabank reduced their target price on Metro from C$77.00 to C$74.50 and set a “sector perform” rating for the company in a report on Tuesday, January 23rd. National Bankshares upped their price target on Metro from C$80.00 to C$81.00 and gave the company a “sector perform” rating in a research report on Monday, January 15th. TD Securities upped their price target on Metro from C$76.00 to C$78.00 and gave the company a “hold” rating in a research report on Wednesday, January 31st. Royal Bank of Canada dropped their price target on Metro from C$83.00 to C$82.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 31st. Finally, BMO Capital Markets upped their price target on Metro from C$73.00 to C$75.00 in a research report on Wednesday, January 31st.

Metro Price Performance

Shares of Metro stock opened at C$70.41 on Friday. The business has a 50 day simple moving average of C$72.12 and a two-hundred day simple moving average of C$70.66. Metro has a 12 month low of C$65.43 and a 12 month high of C$78.88. The stock has a market capitalization of C$15.99 billion, a P/E ratio of 16.11, a PEG ratio of 2.12 and a beta of 0.04. The company has a debt-to-equity ratio of 65.71, a current ratio of 1.16 and a quick ratio of 0.41.

Metro (TSE:MRU) last announced its earnings results on Tuesday, January 30th. The company reported C$1.02 EPS for the quarter, beating analysts’ consensus estimates of C$0.99 by C$0.03. Metro had a return on equity of 15.00% and a net margin of 4.81%. The business had revenue of C$4.97 billion during the quarter, compared to analysts’ expectations of C$4.86 billion. As a group, analysts predict that Metro will post 4.2576393 EPS for the current fiscal year.

Metro Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, March 12th were given a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 1.90%. This is a positive change from Metro’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, February 14th. Metro’s dividend payout ratio is presently 30.66%.

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.