Brokerages Set Metro Inc. (TSE:MRU) Price Target at C$103.63

Metro Inc. (TSE:MRU) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$103.63.

A number of research firms have recently weighed in on MRU. Scotia cut their price objective on Metro from C$103.00 to C$96.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 23rd. Desjardins lowered their target price on Metro from C$99.00 to C$97.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. BMO Capital Markets lowered their target price on Metro from C$110.00 to C$105.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. National Bank Financial lowered their target price on Metro from C$106.00 to C$105.00 and set a “sector perform” rating for the company in a research note on Thursday, April 23rd. Finally, Scotiabank downgraded Metro from an “outperform” rating to a “hold” rating and set a C$103.00 price objective for the company. in a research report on Thursday, April 9th.

Metro Trading Up 1.5%

Shares of MRU stock opened at C$89.02 on Thursday. The company has a debt-to-equity ratio of 69.30, a quick ratio of 0.41 and a current ratio of 1.43. The stock has a market capitalization of C$18.78 billion, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 4.06 and a beta of 0.34. The company has a 50 day moving average price of C$91.32 and a 200 day moving average price of C$95.28. Metro has a fifty-two week low of C$86.63 and a fifty-two week high of C$107.78.

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

Metro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, June 2nd were given a dividend of $0.4075 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.8%. Metro’s payout ratio is currently 32.36%.

About Metro

Metro is one of the largest grocery retailers in Canada. With its 2018 acquisition of Jean Coutu, it also boasts a meaningful drugstore footprint. Noteworthy grocery banners include Metro, Metro Plus, Super C, and Food Basics, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. It utilizes an array of business models, but it most frequently acts as either a retailer, operating individual stores, or a franchiser, licensing its trademarks and supplying merchandise to franchisees.