National Bankshares Issues Positive Forecast for Metro (TSE:MRU) Stock Price

Metro (TSE:MRU) had its price objective lifted by National Bankshares from C$94.00 to C$102.00 in a research report report published on Wednesday,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

A number of other research firms also recently issued reports on MRU. BMO Capital Markets upgraded shares of Metro from a “market perform” rating to an “outperform” rating and increased their target price for the stock from C$92.00 to C$96.00 in a research report on Thursday, January 30th. UBS Group increased their price objective on Metro from C$98.00 to C$99.00 in a report on Thursday, January 30th. Finally, Scotiabank boosted their target price on Metro from C$98.00 to C$100.00 in a research note on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$96.00.

Metro Stock Down 1.3 %

Shares of Metro stock opened at C$100.42 on Wednesday. Metro has a 1 year low of C$69.19 and a 1 year high of C$103.59. The company has a market cap of C$22.21 billion, a P/E ratio of 23.18, a P/E/G ratio of 4.06 and a beta of 0.08. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29. The stock has a 50-day moving average price of C$94.41 and a 200 day moving average price of C$90.12.

Metro Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Thursday, February 13th. This is an increase from Metro’s previous quarterly dividend of $0.34. Metro’s dividend payout ratio 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.