Metro (TSE:MRU – Free Report) had its target price hoisted by Royal Bank of Canada from C$82.00 to C$84.00 in a research note published on Friday morning, BayStreet.CA reports.
MRU has been the subject of several other research reports. TD Securities increased their target price on shares of Metro from C$78.00 to C$80.00 in a report on Thursday, April 25th. Desjardins increased their target price on shares of Metro from C$74.00 to C$75.00 and gave the company a hold rating in a report on Thursday, April 25th. CIBC increased their target price on shares of Metro from C$76.00 to C$77.00 and gave the company a neutral rating in a report on Thursday, April 25th. Scotiabank reduced their price target on shares of Metro from C$74.50 to C$74.00 and set a sector perform rating for the company in a research report on Monday, April 22nd. Finally, National Bankshares increased their price target on shares of Metro from C$80.00 to C$82.00 and gave the company a sector perform rating in a research report on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of Hold and a consensus target price of C$78.14.
View Our Latest Report on Metro
Metro Stock Performance
Metro (TSE:MRU – Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The company reported C$0.91 earnings per share for the quarter, hitting the consensus estimate of C$0.91. Metro had a net margin of 4.64% and a return on equity of 14.55%. The firm had revenue of C$4.66 billion for the quarter, compared to the consensus estimate of C$4.63 billion. On average, analysts expect that Metro will post 4.2740275 EPS for the current fiscal year.
Metro Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, June 4th were paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Tuesday, May 14th. Metro’s dividend payout ratio is currently 31.38%.
Metro Company Profile
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.
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