Metro (TSE:MRU) Price Target Raised to C$110.00 at Scotiabank

Metro (TSE:MRU) had its price target boosted by Scotiabank from C$100.00 to C$110.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other research analysts also recently issued research reports about the company. Royal Bank of Canada increased their price target on Metro from C$90.00 to C$98.00 in a research note on Monday. UBS Group upped their price objective on Metro from C$99.00 to C$105.00 in a report on Thursday. Desjardins raised their target price on Metro from C$95.00 to C$105.00 and gave the stock a “hold” rating in a report on Thursday. National Bankshares upped their price target on Metro from C$94.00 to C$102.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 2nd. Finally, BMO Capital Markets lifted their price objective on shares of Metro from C$96.00 to C$110.00 in a research note on Friday, April 4th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Metro has a consensus rating of “Hold” and an average price target of C$102.00.

Metro Trading Up 0.9 %

MRU opened at C$102.08 on Thursday. The firm has a 50 day simple moving average of C$95.98 and a 200 day simple moving average of C$91.14. Metro has a fifty-two week low of C$69.19 and a fifty-two week high of C$103.59. The company has a market cap of C$22.58 billion, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The company has a debt-to-equity ratio of 62.29, a current ratio of 1.35 and a quick ratio of 0.41.

Metro Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, March 11th were paid a $0.37 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.48 dividend on an annualized basis and a yield of 1.45%. This is a positive change from Metro’s previous quarterly dividend of $0.34. Metro’s payout ratio is presently 30.93%.

About Metro

Metro Inc, through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. The company operates supermarkets, discount, neighborhood, and specialty stores that provide fresh and grocery products, baked goods, prepared food products, meats, dairy products, fruits and vegetables, frozen food products, bakery products, delicatessen items, and pastries.