Eight Capital Cuts Metro, Inc. (MRU) Price Target to C$50.00

Metro, Inc. (TSE:MRU) had its price objective trimmed by Eight Capital from C$52.00 to C$50.00 in a research report report published on Wednesday morning.

A number of other equities analysts also recently commented on MRU. Scotiabank reaffirmed an outperform rating and issued a C$52.00 price objective on shares of Metro in a report on Wednesday, April 19th. Raymond James Financial, Inc. reaffirmed an outperform rating and issued a C$50.00 price objective on shares of Metro in a report on Wednesday, April 19th. TD Securities reaffirmed a hold rating and issued a C$45.00 price objective on shares of Metro in a report on Monday, April 24th. CIBC lifted their price objective on shares of Metro from C$43.00 to C$48.00 in a report on Wednesday, April 26th. Finally, BMO Capital Markets raised shares of Metro from a market perform rating to an outperform rating and lifted their price objective for the stock from C$42.00 to C$53.00 in a report on Wednesday, April 26th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of C$48.82.

Metro (TSE:MRU) opened at 41.79 on Wednesday. The firm has a market cap of $9.49 billion and a PE ratio of 16.66. The stock has a 50 day moving average of $42.53 and a 200 day moving average of $42.53. Metro has a one year low of $38.00 and a one year high of $47.41.

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The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 26th. Shareholders of record on Tuesday, September 5th will be paid a $0.162 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 1.55%. This is a boost from Metro’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, August 31st.

In other Metro news, insider Christian Bourbonnière sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of C$45.47, for a total value of C$454,700.00.

Metro Company Profile

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.

Analyst Recommendations for Metro (TSE:MRU)

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