Metro, Inc. (MRU) Downgraded by TD Securities

TD Securities cut shares of Metro, Inc. (TSE:MRU) from a buy rating to a hold rating in a research note published on Tuesday. They currently have C$44.00 price objective on the stock, down from their previous price objective of C$49.00.

A number of other analysts have also recently commented on MRU. Eight Capital cut their price target on shares of Metro from C$52.00 to C$50.00 in a research note on Wednesday, August 16th. Raymond James Financial, Inc. cut their price target on shares of Metro from C$52.00 to C$48.00 and set an outperform rating for the company in a research note on Wednesday, August 16th. National Bank Financial cut their price target on shares of Metro from C$48.00 to C$47.00 and set a sector perform rating for the company in a research note on Wednesday, August 16th. Scotiabank cut their price target on shares of Metro from C$54.00 to C$51.00 and set an outperform rating for the company in a research note on Wednesday, August 16th. Finally, BMO Capital Markets cut their price target on shares of Metro from C$53.00 to C$51.00 in a research note on Wednesday, August 16th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of C$48.36.

Shares of Metro (TSE MRU) opened at 39.76 on Tuesday. The company has a 50 day moving average of $41.89 and a 200 day moving average of $42.67. Metro has a 1-year low of $38.00 and a 1-year high of $47.41. The firm has a market cap of $9.03 billion and a price-to-earnings ratio of 15.85.

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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 26th. Stockholders of record on Tuesday, September 5th will be given a $0.162 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This is a positive change from Metro’s previous quarterly dividend of $0.12. This represents a $0.65 annualized dividend and a dividend yield of 1.63%.

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.

Analyst Recommendations for Metro (TSE:MRU)

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