UBS Group Reiterates “C$98.00” Price Target for Metro (TSE:MRU)

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

A number of other equities research analysts also recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of Metro from C$82.00 to C$85.00 in a research note on Thursday, August 15th. CIBC increased their price objective on shares of Metro from C$86.00 to C$91.00 in a research report on Thursday, November 21st. Cfra raised their target price on Metro from C$76.00 to C$85.00 in a research report on Thursday, August 15th. Royal Bank of Canada lowered shares of Metro from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 21st. Finally, National Bankshares boosted their price objective on Metro from C$85.00 to C$88.00 in a research note on Thursday, August 15th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Metro currently has a consensus rating of “Hold” and a consensus target price of C$88.67.

Metro Stock Performance

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’s 50-day moving average is C$87.07 and its two-hundred day moving average is C$82.87. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41.

Metro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 12th were issued a dividend of $0.335 per share. 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%.

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.