Metro Inc. (TSE:MRU) Receives C$103.63 Average Target Price from Analysts

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

Several equities analysts have recently issued reports on MRU shares. BMO Capital Markets decreased their target price on Metro from C$110.00 to C$105.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. National Bank Financial decreased 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 report on Thursday, April 23rd. Scotia decreased their target price on Metro from C$103.00 to C$96.00 and set a “sector perform” rating for the company in a research report on Thursday, April 23rd. Desjardins decreased their target price on Metro from C$99.00 to C$97.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Finally, Canadian Imperial Bank of Commerce decreased their price objective on Metro from C$101.00 to C$97.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd.

Metro Price Performance

Metro stock opened at C$92.98 on Monday. The firm has a market capitalization of C$19.61 billion, a P/E ratio of 19.83, a PEG ratio of 4.06 and a beta of 0.19. Metro has a 1 year low of C$86.63 and a 1 year high of C$107.78. The business has a 50-day moving average of C$90.54 and a 200-day moving average of C$94.48. The company has a current ratio of 1.43, a quick ratio of 0.41 and a debt-to-equity ratio of 69.30.

Metro (TSE:MRU) last posted its earnings results on Wednesday, April 22nd. The company reported C$1.11 earnings per share (EPS) for the quarter. The company had revenue of C$5.11 billion during the quarter. Metro had a return on equity of 14.38% and a net margin of 4.52%. On average, equities analysts anticipate that Metro will post 4.8188614 EPS for the current year.

Metro Dividend Announcement

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

Metro Company Profile

With annual sales of more than $22 billion, METRO Inc is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well-being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of some 1,000 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and some 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.