Insider Selling: Metro Inc. (MRU) Insider Sells C$323,650.25 in Stock

Metro Inc. (TSE:MRU) insider Carmine Fortino sold 8,041 shares of Metro stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of C$40.25, for a total value of C$323,650.25.

Carmine Fortino also recently made the following trade(s):

  • On Friday, November 24th, Carmine Fortino sold 7,994 shares of Metro stock. The stock was sold at an average price of C$40.34, for a total value of C$322,477.96.

Metro Inc. (MRU) traded up C$0.09 on Friday, hitting C$40.41. The stock had a trading volume of 1,015,178 shares, compared to its average volume of 563,043. Metro Inc. has a 52-week low of C$38.00 and a 52-week high of C$47.41.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Friday, October 27th were paid a dividend of $0.162 per share. The ex-dividend date was Thursday, October 26th. This represents a $0.65 annualized dividend and a dividend yield of 1.60%. Metro’s dividend payout ratio (DPR) is presently 24.32%.

Several brokerages recently weighed in on MRU. Eight Capital decreased their price objective on Metro from C$52.00 to C$50.00 in a report on Wednesday, August 16th. Raymond James Financial decreased their price objective on Metro from C$52.00 to C$48.00 and set an “outperform” rating for the company in a report on Wednesday, August 16th. National Bank Financial reduced their target price on Metro from C$48.00 to C$47.00 and set a “sector perform” rating for the company in a report on Wednesday, August 16th. Scotiabank reaffirmed an “outperform” rating and set a C$51.00 target price on shares of Metro in a report on Monday, November 20th. Finally, Barclays lifted their target price on Metro from C$44.00 to C$45.00 in a report on Tuesday, October 3rd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of C$47.10.

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About Metro

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.

Insider Buying and Selling by Quarter for Metro (TSE:MRU)

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