Metro (TSE:MRU) PT Set at C$98.00 by UBS Group

UBS Group set a C$98.00 target price on Metro (TSE:MRU) in a report issued on Friday morning,BayStreet.CA reports. The firm currently has a neutral rating on the stock.

A number of other analysts also recently issued reports on MRU. BMO Capital Markets lifted their price objective on shares of Metro from C$82.00 to C$85.00 in a report on Thursday, August 15th. CIBC upped their price objective on Metro from C$86.00 to C$91.00 in a report on Thursday, November 21st. Royal Bank of Canada cut Metro from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 21st. Desjardins upped their target price on Metro from C$85.00 to C$95.00 in a research note on Friday, November 22nd. Finally, National Bankshares boosted their price objective on shares of Metro from C$85.00 to C$88.00 in a report on Thursday, August 15th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$88.67.

Metro Stock Performance

TSE:MRU opened at C$93.06 on Friday. The stock has a market cap of C$20.72 billion, a P/E ratio of 22.75, a PEG ratio of 4.06 and a beta of 0.08. The company has a quick ratio of 0.41, a current ratio of 1.10 and a debt-to-equity ratio of 64.18. The business’s 50-day moving average price is C$87.07 and its two-hundred day moving average price is C$82.74. Metro has a twelve month low of C$65.43 and a twelve month high of C$94.86.

Metro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 12th were paid a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 1.44%. The ex-dividend date was Thursday, October 24th. Metro’s payout ratio is currently 32.76%.

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.