Eight Capital Cuts Metro, Inc. (MRU) Price Target to C$45.00
A number of other analysts have also recently commented on the company. TD Securities cut Metro from a buy rating to a hold rating and decreased their price objective for the company from C$49.00 to C$44.00 in a report on Tuesday, September 5th. Desjardins boosted their price objective on Metro from C$48.00 to C$50.00 in a report on Friday, September 29th. CIBC decreased their price objective on Metro from C$48.00 to C$46.00 in a report on Wednesday, August 16th. BMO Capital Markets decreased their price objective on Metro from C$53.00 to C$51.00 in a report on Wednesday, August 16th. Finally, Barclays PLC decreased their price objective on Metro from C$45.00 to C$44.00 in a report on Monday, August 14th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Metro has an average rating of Buy and an average target price of C$47.70.
Metro (TSE MRU) opened at 42.28 on Tuesday. The firm has a market cap of $9.60 billion and a P/E ratio of 16.85. The firm’s 50-day moving average price is $41.07 and its 200 day moving average price is $42.83. Metro has a 52 week low of $38.00 and a 52 week high of $47.41.
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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Friday, October 27th will be paid a dividend of $0.162 per share. The ex-dividend date is Thursday, October 26th. This represents a $0.65 annualized dividend and a yield of 1.53%.
Metro Inc operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates supermarkets, discount and convenience stores, and food stores that provide grocery products, general merchandise, non-perishable goods, dairy products, fruits and vegetables, meats, frozen foods, bakery and deli products, and pastry and charcutery products, as well as perishable products.
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