Shares of Metro, Inc. (TSE:MRU) have been given a consensus recommendation of “Hold” by the ten research firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$47.80.

Several analysts have weighed in on the stock. Eight Capital dropped their target price on shares of Metro from C$52.00 to C$50.00 in a research report on Wednesday, August 16th. Raymond James Financial, Inc. dropped their target price on shares of Metro from C$52.00 to C$48.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 16th. National Bank Financial decreased their price objective on shares of Metro from C$48.00 to C$47.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 16th. Scotiabank decreased their price objective on shares of Metro from C$54.00 to C$51.00 and set an “outperform” rating for the company in a research note on Wednesday, August 16th. Finally, BMO Capital Markets decreased their price objective on shares of Metro from C$53.00 to C$51.00 in a research note on Wednesday, August 16th.

Metro (TSE MRU) traded down 0.21% on Friday, reaching $42.91. 862,636 shares of the company’s stock traded hands. Metro has a 12-month low of $38.00 and a 12-month high of $47.41. The stock has a market cap of $9.75 billion and a price-to-earnings ratio of 17.10. The stock has a 50 day moving average price of $41.38 and a 200 day moving average price of $42.75.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 26th. Shareholders of record on Tuesday, September 5th were paid a dividend of $0.162 per share. This represents a $0.65 annualized dividend and a yield of 1.51%. This is a boost from Metro’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, August 31st.

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Metro Company Profile

Metro Inc operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates supermarkets, discount and convenience stores, and food stores that provide grocery products, general merchandise, non-perishable goods, dairy products, fruits and vegetables, meats, frozen foods, bakery and deli products, and pastry and charcutery products, as well as perishable products.

Analyst Recommendations for Metro (TSE:MRU)

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