CIBC Issues Positive Forecast for Metro (TSE:MRU) Stock Price

Metro (TSE:MRU) had its target price raised by CIBC from C$86.00 to C$91.00 in a research report released on Thursday morning,BayStreet.CA reports.

MRU has been the subject of several other research reports. National Bankshares boosted their price objective on Metro from C$85.00 to C$88.00 in a report on Thursday, August 15th. Cfra boosted their price target on shares of Metro from C$76.00 to C$85.00 in a research note on Thursday, August 15th. Royal Bank of Canada raised their price objective on shares of Metro from C$84.00 to C$90.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. BMO Capital Markets boosted their target price on shares of Metro from C$82.00 to C$85.00 in a research report on Thursday, August 15th. Finally, Desjardins upped their target price on shares of Metro from C$75.00 to C$80.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$87.50.

Metro Stock Performance

Shares of MRU opened at C$89.73 on Thursday. The stock has a 50-day moving average of C$84.71 and a 200-day moving average of C$80.86. Metro has a one year low of C$65.43 and a one year high of C$90.72. 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 company has a market cap of C$19.97 billion, a PE ratio of 21.94, a P/E/G ratio of 4.06 and a beta of 0.08.

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. This represents a $1.34 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Thursday, October 24th. Metro’s dividend payout ratio (DPR) is presently 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.