Metro (TSE:MRU) Reaches New 52-Week High at $50.92

Metro, Inc. (TSE:MRU) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$50.92 and last traded at C$50.70, with a volume of 134512 shares. The stock had previously closed at C$50.52.

A number of brokerages have issued reports on MRU. National Bank Financial increased their price target on Metro from C$50.00 to C$51.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 9th. Raymond James reissued a “market perform” rating and set a C$51.00 price objective on shares of Metro in a report on Thursday, April 18th. TD Securities increased their price objective on shares of Metro from C$51.00 to C$52.00 and gave the company a “hold” rating in a report on Thursday, April 18th. BMO Capital Markets increased their price objective on shares of Metro from C$53.00 to C$54.00 in a report on Thursday, April 18th. Finally, CIBC increased their price objective on shares of Metro from C$48.00 to C$49.00 in a report on Thursday, April 18th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of C$51.29.

The firm has a market cap of $12.92 billion and a P/E ratio of 20.27. The company has a debt-to-equity ratio of 45.56, a quick ratio of 0.52 and a current ratio of 1.43.

Metro (TSE:MRU) last released its quarterly earnings data on Wednesday, April 17th. The company reported C$0.60 EPS for the quarter, missing the consensus estimate of C$0.62 by C($0.02). The business had revenue of C$3.70 billion for the quarter, compared to analyst estimates of C$3.71 billion. Equities analysts anticipate that Metro, Inc. will post 3.1800001 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Thursday, May 16th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was Wednesday, May 15th. Metro’s dividend payout ratio (DPR) is presently 29.54%.

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About Metro (TSE:MRU)

Metro Inc operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates food stores, including supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, general merchandise, non-perishable goods, dairy products, bakery products, pastries, and deli products, as well as Mediterranean and Middle-Eastern products; and drug stores and pharmacies.

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