Metro Inc. (TSE:MRU) Stock Has Consensus Price Target of C$102.33 According to Analysts

Metro Inc. (TSE:MRU) has received an average rating of “Hold” from the nine analysts that are presently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$102.33.

Several research analysts recently issued reports on MRU shares. Royal Bank Of Canada decreased their price target on shares of Metro from C$111.00 to C$110.00 and set a “sector perform” rating for the company in a research note on Thursday, August 13th. TD Securities raised shares of Metro to a “strong-buy” rating in a research note on Wednesday, July 29th. BMO Capital Markets cut shares of Metro from an “outperform” rating to a “hold” rating and cut their price objective for the stock from C$105.00 to C$95.00 in a report on Monday, July 20th. National Bank Financial decreased their target price on shares of Metro from C$105.00 to C$102.00 and set a “sector perform” rating for the company in a research note on Thursday, August 13th. Finally, TD lifted their target price on shares of Metro from C$106.00 to C$108.00 and gave the company a “buy” rating in a report on Thursday, August 13th.

Metro Price Performance

Shares of MRU stock opened at C$89.09 on Wednesday. The stock has a market cap of C$18.64 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 4.06 and a beta of 0.11. The business’s fifty day moving average is C$90.38 and its 200 day moving average is C$91.36. Metro has a twelve month low of C$86.63 and a twelve month high of C$101.30. The company has a quick ratio of 0.41, a current ratio of 1.43 and a debt-to-equity ratio of 71.09.

Metro (TSE:MRU) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$1.24 earnings per share (EPS) for the quarter. Metro had a return on equity of 12.87% and a net margin of 4.00%.The business had revenue of C$6.97 billion during the quarter. Research analysts expect that Metro will post 4.8188614 EPS for the current fiscal year.

Metro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Tuesday, November 10th will be given a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 22nd. Metro’s dividend payout ratio (DPR) is 36.94%.

Insiders Place Their Bets

In other news, insider Alain Tadros sold 960 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of C$90.27, for a total value of C$86,659.20. Following the sale, the insider directly owned 5,952 shares of the company’s stock, valued at approximately C$537,287.04. This represents a 13.89% decrease in their ownership of the stock. Also, insider Simon Rivet sold 2,650 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of C$89.35, for a total value of C$236,777.50. Following the completion of the sale, the insider directly owned 20,225 shares in the company, valued at approximately C$1,807,103.75. This represents a 11.58% decrease in their ownership of the stock. 0.14% of the stock is currently owned by insiders.

Metro Company Profile

With annual sales of more than $22 billion, METRO Inc is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well-being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of some 1,000 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and some 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.