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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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.
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