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

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on MRU shares. BMO Capital Markets raised their target price on Metro from C$82.00 to C$85.00 in a research note on Thursday, August 15th. Royal Bank of Canada cut Metro from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 21st. CIBC raised their price target on Metro from C$86.00 to C$91.00 in a report on Thursday, November 21st. Cfra raised their price target on Metro from C$76.00 to C$85.00 in a report on Thursday, August 15th. Finally, National Bankshares raised their price objective on Metro from C$85.00 to C$88.00 in a report on Thursday, August 15th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Metro presently has an average rating of “Hold” and a consensus target price of C$87.50.

Metro Stock Up 0.1 %

The company has a current ratio of 1.10, a quick ratio of 0.41 and a debt-to-equity ratio of 64.18. The stock has a 50 day simple moving average of C$85.23 and a 200 day simple moving average of C$81.30. The firm has a market capitalization of C$20.56 billion, a PE ratio of 22.58, a PEG ratio of 4.06 and a beta of 0.08.

Metro Dividend Announcement

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