Metro, Inc. (MRU) Receives C$48.36 Average PT from Brokerages
Metro, Inc. (TSE:MRU) has received a consensus rating of “Buy” from the eleven ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$48.36.
MRU has been the subject of a number of research reports. Eight Capital cut their price objective on Metro from C$54.00 to C$52.00 in a report on Friday, July 21st. TD Securities cut Metro from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$49.00 to C$44.00 in a report on Tuesday. CIBC cut their price objective on Metro from C$48.00 to C$46.00 in a report on Wednesday, August 16th. BMO Capital Markets cut their price objective on Metro from C$53.00 to C$51.00 in a report on Wednesday, August 16th. Finally, Barclays PLC cut their price objective on Metro from C$45.00 to C$44.00 in a report on Monday, August 14th.
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Shares of Metro (TSE:MRU) traded down 0.55% during mid-day trading on Wednesday, hitting $39.76. The stock had a trading volume of 576,002 shares. Metro has a 12 month low of $38.00 and a 12 month high of $47.41. The firm has a 50 day moving average price of $41.89 and a 200-day moving average price of $42.67. The stock has a market cap of $9.03 billion and a P/E ratio of 15.85.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 26th. Investors of record on Tuesday, September 5th will be issued a dividend of $0.162 per share. The ex-dividend date is Thursday, August 31st. This is a boost from Metro’s previous quarterly dividend of $0.12. This represents a $0.65 annualized dividend and a yield of 1.63%.
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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