Brokerages Set Metro, Inc. (MRU) PT at $46.60

Shares of Metro, Inc. (TSE:MRU) have been assigned a consensus rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$46.60.

A number of research firms have issued reports on MRU. CIBC reiterated a “neutral” rating and issued a C$46.00 target price on shares of Metro in a research report on Monday, May 14th. National Bank Financial reiterated a “sector perform” rating and issued a C$44.00 target price on shares of Metro in a research report on Monday, May 14th. Scotiabank cut their target price on shares of Metro from C$51.00 to C$50.00 and set an “outperform” rating for the company in a research report on Wednesday, April 25th. Finally, Raymond James cut their target price on shares of Metro from C$48.00 to C$47.00 and set an “outperform” rating for the company in a research report on Wednesday, April 25th.

In other news, Director La Flèche Eric Richer sold 1,500 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$40.65, for a total transaction of C$60,975.00. Also, insider Simon Rivet sold 10,800 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of C$41.00, for a total transaction of C$442,800.00.

Shares of TSE:MRU traded down C$0.06 during mid-day trading on Friday, hitting C$43.30. The stock had a trading volume of 228,156 shares, compared to its average volume of 533,974. Metro has a 12-month low of C$38.32 and a 12-month high of C$46.00.

Metro (TSE:MRU) last released its earnings results on Tuesday, April 24th. The company reported C$0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.46 by C$0.01. Metro had a net margin of 41.75% and a return on equity of 158.77%. The company had revenue of C$2.90 billion during the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Stockholders of record on Thursday, May 3rd will be paid a dividend of $0.18 per share. This is a positive change from Metro’s previous quarterly dividend of $0.16. The ex-dividend date is Wednesday, May 2nd. This represents a $0.72 annualized dividend and a dividend yield of 1.66%.

About Metro

Metro Inc operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates supermarkets, discount and drug stores, and food stores that provide grocery products, general merchandise, non-perishable goods, dairy products, prepared meals, fruits and vegetables, meats, and frozen foods.

Analyst Recommendations for Metro (TSE:MRU)

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