Metro (TSE:MRU) Price Target Cut to C$74.00 by Analysts at Scotiabank

Metro (TSE:MRU) had its price objective trimmed by Scotiabank from C$74.50 to C$74.00 in a research report sent to investors on Monday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other equities research analysts have also commented on the stock. BMO Capital Markets increased their price objective on shares of Metro from C$73.00 to C$75.00 in a report on Wednesday, January 31st. National Bankshares increased their price objective on shares of Metro from C$80.00 to C$81.00 and gave the stock a sector perform rating in a report on Monday, January 15th. TD Securities raised their target price on shares of Metro from C$76.00 to C$78.00 and gave the company a hold rating in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada reduced their target price 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. Seven research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of Hold and an average price target of C$77.14.

Metro Stock Down 0.2 %

MRU opened at C$69.57 on Monday. The firm’s 50-day simple moving average is C$72.15 and its 200-day simple moving average is C$70.62. The company has a debt-to-equity ratio of 65.71, a quick ratio of 0.41 and a current ratio of 1.16. Metro has a twelve month low of C$65.43 and a twelve month high of C$78.88. The firm has a market cap of C$15.79 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 2.12 and a beta of 0.04.

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

Metro Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, March 12th were given a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.93%. This is an increase from Metro’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, February 14th. Metro’s dividend payout ratio (DPR) is currently 30.66%.

Metro Company Profile

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.