Shares of Metro, Inc. (TSE:MRU) have been given an average recommendation of “Buy” by the eleven ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$48.36.
A number of analysts have recently weighed in on the stock. Eight Capital cut their price target on shares of Metro from C$54.00 to C$52.00 in a report on Friday, July 21st. Barclays PLC cut their price target on shares of Metro from C$45.00 to C$44.00 in a report on Monday, August 14th. National Bank Financial cut their price target on shares of Metro from C$48.00 to C$47.00 and set a “sector perform” rating for the company in a report on Wednesday, August 16th. CIBC cut their price target on shares of Metro from C$48.00 to C$46.00 in a report on Wednesday, August 16th. Finally, Scotiabank cut their price target on shares of Metro from C$54.00 to C$51.00 and set an “outperform” rating for the company in a report on Wednesday, August 16th.
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Metro (TSE MRU) traded up 0.63% during mid-day trading on Wednesday, hitting $40.01. 415,793 shares of the stock traded hands. Metro has a 52 week low of $38.00 and a 52 week high of $47.41. The firm’s 50-day moving average price is $41.87 and its 200-day moving average price is $42.73. The firm has a market cap of $9.09 billion and a P/E ratio of 15.95.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 26th. Investors of record on Tuesday, September 5th will be paid a $0.162 dividend. This is an increase from Metro’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.65 annualized dividend and a yield of 1.62%.
Metro Company Profile
Metro Inc operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates supermarkets, discount and convenience stores, and food stores that provide grocery products, general merchandise, non-perishable goods, dairy products, fruits and vegetables, meats, frozen foods, bakery and deli products, and pastry and charcutery products, as well as perishable products.
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