Metro’s (MRU) “Sector Perform” Rating Reaffirmed at National Bank Financial
National Bank Financial reissued their sector perform rating on shares of Metro (TSE:MRU) in a research report sent to investors on Monday morning. The firm currently has a C$44.00 target price on the stock. National Bank Financial also issued estimates for Metro’s Q3 2018 earnings at $0.78 EPS, Q4 2018 earnings at $0.64 EPS, FY2018 earnings at $2.56 EPS, Q1 2019 earnings at $0.68 EPS, Q2 2019 earnings at $0.59 EPS, Q3 2019 earnings at $0.90 EPS, Q4 2019 earnings at $0.70 EPS and FY2019 earnings at $2.87 EPS.
Several other equities analysts have also recently commented on the stock. Raymond James cut their target price on shares of Metro from C$48.00 to C$47.00 and set an outperform rating for the company in a research note on Wednesday, April 25th. Scotiabank dropped their price objective on shares of Metro from C$51.00 to C$50.00 and set an outperform rating for the company in a research note on Wednesday, April 25th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of C$46.60.
Metro opened at C$42.36 on Monday, Marketbeat.com reports. Metro has a one year low of C$38.32 and a one year high of C$46.47.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Stockholders of record on Thursday, May 3rd will be paid a $0.18 dividend. This is a boost from Metro’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Wednesday, May 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.70%.
In other news, insider Simon Rivet sold 10,800 shares of the stock in a transaction on Friday, March 2nd. The shares were sold at an average price of C$41.00, for a total value of C$442,800.00. Also, Director La Flèche Eric Richer sold 1,500 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$40.65, for a total transaction of C$60,975.00. In the last 90 days, insiders sold 144,500 shares of company stock valued at $5,804,895.
Metro Company Profile
Metro Inc operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates supermarkets, discount and drug stores, and food stores that provide grocery products, general merchandise, non-perishable goods, dairy products, prepared meals, fruits and vegetables, meats, and frozen foods.
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