Metro Inc. (MRU) to Distribute Quarterly Dividend of $0.41 on November 10th

Metro Inc. (TSE:MRU) declared a quarterly dividend on Thursday, October 22nd. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.4075 per share on Tuesday, November 10th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Thursday, October 22nd.

Metro Price Performance

Shares of TSE:MRU opened at C$95.68 on Tuesday. The company has a market cap of C$20.02 billion, a P/E ratio of 22.73, a P/E/G ratio of 4.06 and a beta of 0.12. The business has a fifty day simple moving average of C$90.24 and a 200-day simple moving average of C$91.15. Metro has a 52 week low of C$86.63 and a 52 week high of C$101.30. The company has a quick ratio of 0.41, a current ratio of 1.43 and a debt-to-equity ratio of 71.09.

Metro (TSE:MRU) last released its earnings results on Wednesday, August 12th. The company reported C$1.24 earnings per share for the quarter. Metro had a return on equity of 12.87% and a net margin of 4.00%. The firm had revenue of C$6.97 billion for the quarter. Equities research analysts forecast that Metro will post 4.82 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada reduced their target price on shares of Metro from C$111.00 to C$110.00 and set a “sector perform” rating on the stock in a report on Thursday, August 13th. BMO Capital Markets downgraded Metro from an “outperform” rating to a “hold” rating and lowered their price target for the company from C$105.00 to C$95.00 in a report on Monday, July 20th. TD Securities raised Metro to a “strong-buy” rating in a research report on Wednesday, July 29th. National Bank Financial reduced their price objective on Metro from C$105.00 to C$102.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 13th. Finally, TD upped their target price on Metro from C$106.00 to C$108.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Metro currently has a consensus rating of “Hold” and a consensus target price of C$102.33.

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.