Metro Inc. (TSE:MRU) insider Carmine Fortino sold 8,041 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of C$40.25, for a total transaction of C$323,650.25.

Carmine Fortino also recently made the following trade(s):

  • On Friday, November 24th, Carmine Fortino sold 7,994 shares of Metro stock. The shares were sold at an average price of C$40.34, for a total transaction of C$322,477.96.

Shares of Metro Inc. (TSE:MRU) traded down C$0.07 during trading on Tuesday, hitting C$40.20. 339,304 shares of the stock were exchanged, compared to its average volume of 562,507. Metro Inc. has a 52 week low of C$38.00 and a 52 week high of C$47.41.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Friday, October 27th were given a $0.162 dividend. The ex-dividend date of this dividend was Thursday, October 26th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 1.61%. Metro’s payout ratio is presently 24.32%.

Several equities analysts recently weighed in on MRU shares. Barclays decreased their target price on shares of Metro from C$45.00 to C$44.00 in a research note on Monday, August 14th. National Bank Financial reduced their price objective on shares of Metro from C$48.00 to C$47.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 16th. CIBC reduced their price objective on shares of Metro from C$48.00 to C$46.00 in a research report on Wednesday, August 16th. Scotiabank reduced their price objective on shares of Metro from C$54.00 to C$51.00 and set an “outperform” rating for the company in a research report on Wednesday, August 16th. Finally, TD Securities reduced their price objective on shares of Metro from C$50.00 to C$49.00 in a research report on Wednesday, August 16th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of C$47.10.

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Metro Company Profile

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.

Insider Buying and Selling by Quarter for Metro (TSE:MRU)

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