Metro (TSE:MRU) Reaches New 52-Week High at $78.26

Shares of Metro Inc. (TSE:MRUGet Rating) reached a new 52-week high on Tuesday . The company traded as high as C$78.26 and last traded at C$77.77, with a volume of 92870 shares trading hands. The stock had previously closed at C$77.41.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MRU shares. BMO Capital Markets raised their price target on Metro from C$78.00 to C$82.00 in a research note on Thursday, November 17th. Canaccord Genuity Group raised their price objective on Metro from C$71.00 to C$72.00 in a research report on Thursday, November 17th. Royal Bank of Canada raised their price objective on Metro from C$75.00 to C$76.00 and gave the company a “sector perform” rating in a research report on Thursday, November 17th. TD Securities raised their price objective on Metro from C$75.00 to C$76.00 and gave the company a “hold” rating in a research report on Thursday, November 17th. Finally, Desjardins raised their price objective on Metro from C$70.00 to C$73.00 in a research report on Thursday, August 11th. Six analysts have rated the stock with a hold rating, According to MarketBeat, Metro has a consensus rating of “Hold” and a consensus target price of C$76.44.

Metro Stock Performance

The firm has a market capitalization of C$18.30 billion and a price-to-earnings ratio of 21.60. The company has a fifty day moving average of C$71.23 and a two-hundred day moving average of C$70.33. The company has a debt-to-equity ratio of 62.28, a quick ratio of 0.41 and a current ratio of 1.12.

Metro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 8th. Investors of record on Tuesday, November 8th were issued a dividend of $0.275 per share. The ex-dividend date was Thursday, October 20th. This represents a $1.10 annualized dividend and a yield of 1.41%. Metro’s payout ratio is currently 22.22%.

About Metro

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Metro Inc operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. It operates supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, dairy products, fruits and vegetables, frozen foods, bakery products, and pastries, as well as Mediterranean and Middle Eastern products.

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