Metro Inc. (TSE:MRU) Receives C$71.67 Consensus Target Price from Brokerages

Metro Inc. (TSE:MRUGet Rating) has earned a consensus recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$71.67.

MRU has been the subject of a number of research analyst reports. TD Securities increased their price objective on shares of Metro from C$72.00 to C$75.00 and gave the company a “hold” rating in a report on Friday, April 22nd. Royal Bank of Canada increased their price objective on shares of Metro from C$70.00 to C$74.00 and gave the company a “sector perform” rating in a report on Wednesday, April 20th. CIBC increased their price objective on shares of Metro from C$68.00 to C$73.00 and gave the company a “neutral” rating in a report on Friday, April 22nd. National Bankshares increased their target price on Metro from C$72.00 to C$74.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 13th. Finally, Scotiabank increased their target price on Metro from C$74.00 to C$76.00 in a research report on Friday, April 22nd.

Shares of MRU opened at C$67.44 on Tuesday. The company has a debt-to-equity ratio of 68.82, a current ratio of 1.10 and a quick ratio of 0.48. Metro has a 1 year low of C$58.65 and a 1 year high of C$73.54. The company has a 50 day simple moving average of C$69.24 and a two-hundred day simple moving average of C$68.54. The firm has a market cap of C$16.18 billion and a P/E ratio of 19.30.

Metro (TSE:MRUGet Rating) last announced its quarterly earnings data on Thursday, April 21st. The company reported C$0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.86 by C($0.02). The business had revenue of C$4.27 billion for the quarter, compared to analyst estimates of C$4.27 billion. On average, sell-side analysts anticipate that Metro will post 3.053684 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of record on Wednesday, June 1st were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, May 11th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.63%. Metro’s dividend payout ratio is currently 22.18%.

Metro Company Profile (Get Rating)

Metro Inc operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. It operates supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, dairy products, fruits and vegetables, frozen foods, bakery products, and pastries, as well as Mediterranean and Middle Eastern products.

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