Metro Inc. (TSE:MRU – Get Free Report) has been given a consensus rating of “Hold” by the seven research firms that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$109.75.
A number of equities analysts have recently issued reports on MRU shares. BMO Capital Markets raised their target price on shares of Metro from C$110.00 to C$115.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. TD Securities increased their price target on shares of Metro from C$112.00 to C$118.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. National Bankshares decreased their target price on shares of Metro from C$110.00 to C$107.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 15th. Finally, Royal Bank Of Canada raised their price target on Metro from C$98.00 to C$112.00 in a report on Monday, July 21st.
Read Our Latest Report on Metro
Metro Stock Up 0.5%
Metro Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Wednesday, November 12th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, October 23rd. Metro’s dividend payout ratio (DPR) is 30.59%.
About Metro
Metro is one of the largest grocery retailers in Canada. With its 2018 acquisition of Jean Coutu, it also boasts a meaningful drugstore footprint. Noteworthy grocery banners include Metro, Metro Plus, Super C, and Food Basics, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks.
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