Metro (TSE:MRU) Price Target Increased to C$61.00 by Analysts at CIBC


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Metro (TSE:MRU) had its price objective hoisted by CIBC from C$60.00 to C$61.00 in a report released on Thursday morning, Price Targets.com reports. The firm currently has a hold rating on the stock.

MRU has been the subject of a number of other reports. Scotiabank upped their price target on shares of Metro from C$67.00 to C$68.00 in a research report on Thursday. TD Securities decreased their price target on shares of Metro from C$62.00 to C$60.00 and set a hold rating for the company in a research report on Friday, January 8th. ATB Capital upped their price target on shares of Metro from C$61.00 to C$62.00 in a research report on Wednesday, January 27th. Royal Bank of Canada reaffirmed a sector perform rating and set a C$66.00 price target on shares of Metro in a research report on Thursday. Finally, National Bank Financial upped their price target on shares of Metro to C$64.00 and gave the stock a sector perform rating in a research report on Wednesday, April 14th. Eight investment analysts have rated the stock with a hold rating, Metro currently has an average rating of Hold and a consensus price target of C$64.89.

Shares of MRU stock traded up C$0.19 on Thursday, reaching C$58.00. 64,754 shares of the stock were exchanged, compared to its average volume of 645,551. The stock has a market cap of C$14.26 billion and a P/E ratio of 17.89. The company has a quick ratio of 0.54, a current ratio of 1.16 and a debt-to-equity ratio of 74.78. The firm has a 50 day moving average of C$57.04 and a two-hundred day moving average of C$58.41. Metro has a 1-year low of C$52.63 and a 1-year high of C$66.25.

Metro (TSE:MRU) last released its quarterly earnings data on Tuesday, January 26th. The company reported C$0.79 EPS for the quarter, missing analysts’ consensus estimates of C$0.83 by C($0.04). The firm had revenue of C$4.28 billion during the quarter, compared to analyst estimates of C$4.40 billion. On average, equities research analysts predict that Metro will post 3.6800001 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, March 8th. Stockholders of record on Monday, March 8th were given a dividend of $0.25 per share. This is a boost from Metro’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.72%. Metro’s dividend payout ratio (DPR) is presently 27.86%.

About Metro

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

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Analyst Recommendations for Metro (TSE:MRU)

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