Metro (TSE:MRU – Free Report) had its price objective upped by CIBC from C$76.00 to C$77.00 in a report published on Thursday, BayStreet.CA reports. They currently have a neutral rating on the stock.
MRU has been the subject of several other research reports. BMO Capital Markets upped their price target on shares of Metro from C$73.00 to C$75.00 in a report on Wednesday, January 31st. Royal Bank of Canada reduced their price target on shares of Metro from C$83.00 to C$82.00 and set a sector perform rating for the company in a report on Wednesday, January 31st. TD Securities increased their target price on shares of Metro from C$78.00 to C$80.00 in a report on Thursday. Scotiabank decreased their target price on shares of Metro from C$74.50 to C$74.00 and set a sector perform rating for the company in a research report on Monday, April 22nd. Finally, National Bankshares boosted their price target 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. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, Metro has a consensus rating of Hold and an average target price of C$77.86.
Read Our Latest Research Report on MRU
Metro Stock Down 0.0 %
Metro (TSE:MRU – Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported C$0.91 earnings per share for the quarter, meeting the consensus estimate of C$0.91. The company had revenue of C$4.66 billion during the quarter, compared to analysts’ expectations of C$4.63 billion. Metro had a net margin of 4.81% and a return on equity of 15.00%. On average, equities research analysts anticipate that Metro will post 4.2576393 EPS for the current fiscal year.
Metro Dividend Announcement
The business also recently announced 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. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Tuesday, May 14th. Metro’s dividend payout ratio is currently 30.66%.
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.
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