Metro (TSE:MRU) Price Target Increased to C$82.00 by Analysts at National Bankshares

Metro (TSE:MRU) had its price objective hoisted by National Bankshares from C$80.00 to C$82.00 in a research note released on Thursday, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Several other equities research analysts have also issued reports on the company. TD Securities raised their price objective on Metro from C$78.00 to C$80.00 in a research note on Thursday. BMO Capital Markets raised their price objective on Metro from C$73.00 to C$75.00 in a research note on Wednesday, January 31st. Scotiabank lowered their price objective on Metro from C$74.50 to C$74.00 and set a sector perform rating for the company in a research note on Monday, April 22nd. Finally, Royal Bank of Canada lowered their price objective on Metro from C$83.00 to C$82.00 and set a sector perform rating for the company in a research note on Wednesday, January 31st. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Metro currently has a consensus rating of Hold and an average price target of C$77.86.

Metro Stock Performance

TSE MRU opened at C$70.92 on Thursday. The stock has a market capitalization of C$16.10 billion, a PE ratio of 16.23, a P/E/G ratio of 2.12 and a beta of 0.04. Metro has a 1-year low of C$65.43 and a 1-year high of C$78.88. The business has a 50 day simple moving average of C$72.19 and a two-hundred day simple moving average of C$70.59. The company has a debt-to-equity ratio of 65.71, a current ratio of 1.16 and a quick ratio of 0.41.

Metro (TSE:MRU) last posted its quarterly earnings data on Wednesday, April 24th. The company reported C$0.91 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.91. The business had revenue of C$4.66 billion during the quarter, compared to analyst estimates of C$4.63 billion. Metro had a return on equity of 15.00% and a net margin of 4.81%. On average, research analysts predict that Metro will post 4.2576393 EPS for the current fiscal year.

Metro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Tuesday, May 14th. Metro’s dividend payout ratio is currently 30.66%.

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.