Metro (TSE:MRU) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Metro Inc. (TSE:MRU)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$90.42 and traded as high as C$90.79. Metro shares last traded at C$90.07, with a volume of 398,615 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MRU. Scotia dropped their price target on shares of Metro from C$103.00 to C$96.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 23rd. Scotiabank lowered shares of Metro from an “outperform” rating to a “hold” rating and set a C$103.00 price objective for the company. in a research note on Thursday, April 9th. BMO Capital Markets dropped their target price on shares of Metro from C$110.00 to C$105.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. Desjardins cut their price target on shares of Metro from C$99.00 to C$97.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Finally, Canadian Imperial Bank of Commerce reduced their price target on shares of Metro from C$101.00 to C$97.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$103.62.

Metro Stock Performance

The business has a 50-day moving average of C$90.42 and a 200 day moving average of C$94.01. The company has a debt-to-equity ratio of 69.30, a current ratio of 1.43 and a quick ratio of 0.41. The company has a market cap of C$19.00 billion, a PE ratio of 19.20, a PEG ratio of 4.06 and a beta of 0.16.

Metro (TSE:MRU) last released its quarterly earnings results on Wednesday, April 22nd. The company reported C$1.11 earnings per share (EPS) for the quarter. Metro had a return on equity of 14.38% and a net margin of 4.52%.The business had revenue of C$5.11 billion during the quarter. Equities research analysts anticipate that Metro Inc. will post 4.8188614 EPS for the current fiscal year.

Metro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, June 2nd were given a $0.4075 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $1.63 annualized dividend and a yield of 1.8%. Metro’s dividend payout ratio (DPR) is presently 32.36%.

Metro Company Profile

With annual sales of more than $22 billion, METRO Inc is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well-being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of some 1,000 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and some 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.