Metro (TSE:MRU) Given a C$98.00 Price Target at UBS Group

UBS Group set a C$98.00 price objective on Metro (TSE:MRU) in a research report report published on Friday,BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

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

Metro Stock Down 0.6 %

TSE:MRU opened at C$93.06 on Friday. Metro has a 1-year low of C$65.43 and a 1-year high of C$94.86. The firm has a market capitalization of C$20.72 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 4.06 and a beta of 0.08. The company has a current ratio of 1.10, a quick ratio of 0.41 and a debt-to-equity ratio of 64.18. The business’s fifty day moving average price is C$87.07 and its 200 day moving average price is C$82.74.

Metro Dividend Announcement

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

About Metro

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.