Metro (TSE:MRU) Hits New 52-Week High – What’s Next?

Metro Inc. (TSE:MRU) reached a new 52-week high on Wednesday . The stock traded as high as C$91.84 and last traded at C$91.81, with a volume of 23254 shares trading hands. The stock had previously closed at C$91.17.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MRU shares. National Bankshares lifted their price target on Metro from C$85.00 to C$88.00 in a research report on Thursday, August 15th. Desjardins lifted their price target on Metro from C$85.00 to C$95.00 in a research report on Friday, November 22nd. Cfra lifted their price target on Metro from C$76.00 to C$85.00 in a research report on Thursday, August 15th. BMO Capital Markets lifted their price objective on Metro from C$82.00 to C$85.00 in a research note on Thursday, August 15th. Finally, CIBC lifted their price objective on Metro from C$86.00 to C$91.00 in a research note on Thursday, November 21st. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$87.50.

Metro Stock Up 0.1 %

The company has a 50 day moving average price of C$85.23 and a two-hundred day moving average price of C$81.30. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41. The stock has a market cap of C$20.56 billion, a PE ratio of 22.58, a PEG ratio of 4.06 and a beta of 0.08.

Metro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 12th were paid a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Thursday, October 24th. Metro’s dividend 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.