Metro (TSE:MRU) Price Target Cut to C$74.00

Metro (TSE:MRU) had its target price reduced by Scotiabank from C$74.50 to C$74.00 in a research note released on Monday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other analysts have also issued research reports about the stock. Royal Bank of Canada dropped their price objective on shares of Metro from C$83.00 to C$82.00 and set a sector perform rating on the stock in a research note on Wednesday, January 31st. TD Securities lifted their price target on shares of Metro from C$76.00 to C$78.00 and gave the stock a hold rating in a research note on Wednesday, January 31st. BMO Capital Markets lifted their price target on shares of Metro from C$73.00 to C$75.00 in a research note on Wednesday, January 31st. Finally, National Bankshares lifted their price target on shares of Metro from C$80.00 to C$81.00 and gave the stock a sector perform rating in a research note on Monday, January 15th. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Metro has a consensus rating of Hold and a consensus target price of C$77.14.

Metro Trading Up 0.5 %

Shares of MRU stock opened at C$70.28 on Monday. The stock has a market cap of C$15.96 billion, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 2.12 and a beta of 0.04. The firm’s 50 day moving average price is C$72.19 and its two-hundred day moving average price is C$70.61. Metro has a fifty-two week low of C$65.43 and a fifty-two week high of C$78.88. The company has a quick ratio of 0.41, a current ratio of 1.16 and a debt-to-equity ratio of 65.71.

Metro (TSE:MRU) last posted its quarterly earnings data on Tuesday, January 30th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.99 by C$0.03. The company had revenue of C$4.97 billion for the quarter, compared to analyst estimates of C$4.86 billion. Metro had a net margin of 4.81% and a return on equity of 15.00%. On average, analysts anticipate that Metro will post 4.2576393 EPS for the current year.

Metro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, March 12th were paid a dividend of $0.335 per share. This is a positive change from Metro’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, February 14th. This represents a $1.34 annualized dividend and a yield of 1.91%. Metro’s payout ratio is presently 30.66%.

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.