Metro (TSE:MRU) Given New C$77.00 Price Target at CIBC

Metro (TSE:MRU) had its target price raised by CIBC from C$76.00 to C$77.00 in a report published on Thursday morning, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

MRU has been the topic of a number of other research reports. National Bankshares increased their price objective on shares of Metro from C$80.00 to C$82.00 and gave the stock a sector perform rating in a research report on Thursday. BMO Capital Markets increased their price objective on shares of Metro from C$73.00 to C$75.00 in a research report on Wednesday, January 31st. Scotiabank cut their price objective on shares of Metro from C$74.50 to C$74.00 and set a sector perform rating on the stock in a research report on Monday, April 22nd. TD Securities increased their price objective on shares of Metro from C$78.00 to C$80.00 in a research report on Thursday. Finally, Royal Bank of Canada cut their price objective on shares of Metro from C$83.00 to C$82.00 and set a sector perform rating on the stock in a research report on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating, According to MarketBeat.com, Metro currently has a consensus rating of Hold and an average target price of C$77.86.

Metro Stock Performance

Shares of Metro stock opened at C$70.92 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.41 and a debt-to-equity ratio of 65.71. The business has a 50-day moving average price of C$72.19 and a two-hundred day moving average price of C$70.59. Metro has a 1-year low of C$65.43 and a 1-year high of C$78.88. The company has a market cap of C$16.10 billion, a P/E ratio of 16.23, a PEG ratio of 2.12 and a beta of 0.04.

Metro (TSE:MRU) last issued its quarterly earnings results on Wednesday, April 24th. The company reported C$0.91 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.91. Metro had a return on equity of 15.00% and a net margin of 4.81%. The firm had revenue of C$4.66 billion during the quarter, compared to the consensus estimate of C$4.63 billion. As a group, analysts anticipate that Metro will post 4.2576393 EPS for the current year.

Metro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be given a $0.335 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.34 annualized dividend and a yield of 1.89%. Metro’s payout ratio is 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.