Brokerages Set Metro, Inc. (MRU) Price Target at $47.70
Metro, Inc. (TSE:MRU) has earned a consensus recommendation of “Hold” from the ten analysts that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$47.70.
MRU has been the subject of a number of research reports. Eight Capital lowered their price target on Metro from C$50.00 to C$47.00 and set a “neutral” rating for the company in a report on Friday, September 15th. TD Securities lowered Metro from a “buy” rating to a “hold” rating and lowered their price target for the company from C$49.00 to C$44.00 in a report on Tuesday, September 5th. Desjardins boosted their price target on Metro from C$48.00 to C$50.00 in a report on Friday, September 29th. CIBC lowered their price target on Metro from C$48.00 to C$46.00 in a report on Wednesday, August 16th. Finally, BMO Capital Markets lowered their price target on Metro from C$53.00 to C$51.00 in a report on Wednesday, August 16th.
Metro (TSE MRU) traded down 0.29% on Thursday, hitting $40.61. The stock had a trading volume of 360,378 shares. The firm has a market capitalization of $9.22 billion and a price-to-earnings ratio of 16.19. Metro has a 1-year low of $38.00 and a 1-year high of $47.41. The stock’s 50-day moving average is $41.16 and its 200 day moving average is $42.88.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Friday, October 27th will be issued a dividend of $0.162 per share. The ex-dividend date is Thursday, October 26th. This represents a $0.65 annualized dividend and a dividend yield of 1.60%.
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Metro Inc operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates supermarkets, discount and convenience stores, and food stores that provide grocery products, general merchandise, non-perishable goods, dairy products, fruits and vegetables, meats, frozen foods, bakery and deli products, and pastry and charcutery products, as well as perishable products.
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