Metro Inc. (MRU) To Go Ex-Dividend on May 7th

Metro Inc. (TSE:MRU) announced a quarterly dividend on Wednesday, May 7th, TickerTech Dividends reports. Shareholders of record on Tuesday, May 27th will be paid a dividend of 0.37 per share on Tuesday, May 27th. This represents a $1.48 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Wednesday, May 7th.

Metro Trading Down 0.1 %

Shares of MRU opened at C$105.06 on Monday. Metro has a 1-year low of C$71.50 and a 1-year high of C$106.46. The company has a debt-to-equity ratio of 62.29, a current ratio of 1.35 and a quick ratio of 0.41. The company has a market capitalization of C$23.23 billion, a P/E ratio of 24.25, a P/E/G ratio of 4.06 and a beta of 0.08. The firm’s 50 day simple moving average is C$98.37 and its 200 day simple moving average is C$92.75.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. BMO Capital Markets upped their target price on shares of Metro from C$96.00 to C$110.00 in a research note on Friday, April 4th. UBS Group raised their price target on Metro from C$99.00 to C$105.00 in a report on Thursday, April 17th. TD Securities boosted their price target on shares of Metro from C$99.00 to C$112.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. Royal Bank of Canada increased their price target on Metro from C$90.00 to C$98.00 in a research note on Monday, April 14th. Finally, Scotiabank lifted their price target on Metro from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a research report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Metro presently has an average rating of “Hold” and an average target price of C$104.22.

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.