Analysts Set Metro Inc. (TSE:MRU) PT at C$71.67

Shares of Metro Inc. (TSE:MRUGet Rating) have been assigned an average recommendation of “Hold” from the nine analysts that are presently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$71.67.

Several research analysts recently commented on MRU shares. TD Securities lifted their target price on shares of Metro from C$72.00 to C$75.00 and gave the stock a “hold” rating in a research note on Friday, April 22nd. National Bankshares boosted their price objective on shares of 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. Scotiabank boosted their price objective on shares of Metro from C$74.00 to C$76.00 in a research report on Friday, April 22nd. Royal Bank of Canada boosted 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 research report on Wednesday, April 20th. Finally, CIBC boosted their price objective on shares of Metro from C$68.00 to C$73.00 and gave the company a “neutral” rating in a research report on Friday, April 22nd.

Shares of TSE MRU opened at C$67.44 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 1.10 and a debt-to-equity ratio of 68.82. Metro has a 52 week low of C$58.65 and a 52 week high of C$73.54. The firm’s fifty day moving average is C$69.24 and its 200 day moving average is C$68.54. The company has a market cap of C$16.18 billion and a price-to-earnings ratio of 19.30.

Metro (TSE:MRUGet Rating) last issued its earnings results on Thursday, April 21st. The company reported C$0.84 EPS for the quarter, missing the consensus estimate of C$0.86 by C($0.02). The company had revenue of C$4.27 billion for the quarter, compared to the consensus estimate of C$4.27 billion. Equities research analysts anticipate that Metro will post 3.053684 earnings per share for the current year.

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

Featured Stories

Analyst Recommendations for Metro (TSE:MRU)

Receive News & Ratings for Metro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metro and related companies with MarketBeat.com's FREE daily email newsletter.