Metro, Inc. (MRU) Price Target Raised to C$45.00 at Barclays PLC
Other analysts also recently issued research reports about the company. Eight Capital cut their price target on Metro from C$47.00 to C$45.00 and set a neutral rating on the stock in a research note on Tuesday. TD Securities lowered Metro from a buy rating to a hold rating and reduced their price objective for the company from C$49.00 to C$44.00 in a research report on Tuesday, September 5th. Desjardins lifted their price objective on Metro from C$48.00 to C$50.00 in a research note on Friday, September 29th. BMO Capital Markets lowered their price objective on Metro from C$53.00 to C$51.00 in a research note on Wednesday, August 16th. Finally, Raymond James Financial, Inc. dropped their target price on Metro from C$52.00 to C$48.00 and set an outperform rating on the stock in a report on Wednesday, August 16th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of Buy and an average target price of C$47.70.
Shares of Metro (MRU) opened at 41.53 on Tuesday. Metro has a one year low of $38.00 and a one year high of $47.41. The stock has a 50 day moving average of $41.08 and a 200 day moving average of $42.83. The stock has a market cap of $9.43 billion and a P/E ratio of 16.55.
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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Friday, October 27th will be issued a $0.162 dividend. The ex-dividend date is Thursday, October 26th. This represents a $0.65 dividend on an annualized basis and a yield of 1.56%.
Metro Company Profile
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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