Metro, Inc. (MRU) Receives C$47.80 Consensus Target Price from Brokerages
Shares of Metro, Inc. (TSE:MRU) have received a consensus recommendation of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$47.70.
MRU has been the topic of a number of research analyst reports. Barclays PLC dropped their price objective on shares of Metro from C$45.00 to C$44.00 in a report on Monday, August 14th. Eight Capital dropped their price objective on shares of Metro from C$54.00 to C$52.00 in a report on Friday, July 21st. CIBC dropped their price objective on shares of Metro from C$48.00 to C$46.00 in a report on Wednesday, August 16th. BMO Capital Markets dropped their price objective on shares of Metro from C$53.00 to C$51.00 in a report on Wednesday, August 16th. Finally, TD Securities dropped their price objective on shares of Metro from C$50.00 to C$49.00 in a report on Wednesday, August 16th.
Metro (MRU) traded down 0.40% during trading on Friday, hitting $42.11. The stock had a trading volume of 259,854 shares. The firm has a market cap of $9.56 billion and a PE ratio of 16.78. Metro has a 52-week low of $38.00 and a 52-week high of $47.41. The company’s 50 day moving average is $41.06 and its 200 day moving average is $42.84.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Friday, October 27th will be issued a $0.162 dividend. This represents a $0.65 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, October 26th.
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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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