Metro (TSE:MRU) Price Target Raised to C$85.00 at BMO Capital Markets

Metro (TSE:MRU) had its price objective boosted by BMO Capital Markets from C$82.00 to C$85.00 in a research note published on Thursday, BayStreet.CA reports.

Several other brokerages have also recently commented on MRU. National Bankshares boosted their price target on shares of Metro from C$85.00 to C$88.00 in a research report on Thursday. CIBC boosted their price objective on shares of Metro from C$77.00 to C$86.00 in a report on Thursday. Cfra boosted their price objective on shares of Metro from C$76.00 to C$85.00 in a report on Thursday. Royal Bank of Canada upped their price target on shares of Metro from C$82.00 to C$84.00 in a report on Friday, July 12th. Finally, Desjardins increased their price objective on shares of Metro from C$75.00 to C$80.00 and gave the company a hold rating in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of C$84.25.

Metro Stock Down 0.5 %

TSE:MRU traded down C$0.42 on Thursday, hitting C$83.73. 78,147 shares of the company’s stock were exchanged, compared to its average volume of 430,436. The firm has a 50-day moving average price of C$78.43 and a 200-day moving average price of C$74.38. The company has a debt-to-equity ratio of 64.39, a current ratio of 1.12 and a quick ratio of 0.41. Metro has a 52 week low of C$65.43 and a 52 week high of C$84.78. The company has a market cap of C$18.89 billion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 2.12 and a beta of 0.05.

Metro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Thursday, September 5th will be given a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Thursday, September 5th. Metro’s dividend payout ratio is presently 31.38%.

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.