Metro Inc. (TSE:MRU) Declares $0.34 Quarterly Dividend

Metro Inc. (TSE:MRU) declared a quarterly dividend on Thursday, September 5th, Zacks reports. Stockholders of record on Tuesday, September 24th will be paid a dividend of 0.335 per share on Tuesday, September 24th. This represents a $1.34 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Thursday, September 5th.

Metro Trading Up 0.3 %

MRU opened at C$84.90 on Wednesday. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41. Metro has a one year low of C$65.43 and a one year high of C$85.22. The firm has a market capitalization of C$18.90 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 2.12 and a beta of 0.08. The business has a 50 day simple moving average of C$80.97 and a two-hundred day simple moving average of C$75.72.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MRU. BMO Capital Markets boosted their price objective on shares of Metro from C$82.00 to C$85.00 in a research report on Thursday, August 15th. CIBC raised their price objective on Metro from C$77.00 to C$86.00 in a research report on Thursday, August 15th. TD Securities raised shares of Metro from a “hold” rating to a “buy” rating and upped their target price for the stock from C$80.00 to C$92.00 in a research report on Monday, July 22nd. National Bankshares increased their price target on shares of Metro from C$85.00 to C$88.00 in a research note on Thursday, August 15th. Finally, Desjardins boosted their price objective on shares of Metro from C$75.00 to C$80.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Metro has a consensus rating of “Hold” and an average price target of C$84.25.

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.