Eight Capital Cuts Metro, Inc. (MRU) Price Target to C$47.00

Metro, Inc. (TSE:MRU) had its price objective cut by Eight Capital from C$50.00 to C$47.00 in a report released on Friday morning. They currently have a neutral rating on the stock.

A number of other research firms also recently issued reports on MRU. TD Securities downgraded shares of Metro from a buy rating to a hold rating and reduced their price target for the stock from C$49.00 to C$44.00 in a research report on Tuesday, September 5th. BMO Capital Markets reduced their price target on shares of Metro from C$53.00 to C$51.00 in a research report on Wednesday, August 16th. Barclays PLC reduced their price target on shares of Metro from C$45.00 to C$44.00 in a research report on Monday, August 14th. Raymond James Financial, Inc. reduced their price target on shares of Metro from C$52.00 to C$48.00 and set an outperform rating on the stock in a research report on Wednesday, August 16th. Finally, Scotiabank reduced their price target on shares of Metro from C$54.00 to C$51.00 and set an outperform rating on the stock in a research report on Wednesday, August 16th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of C$48.09.

Metro (TSE MRU) opened at 39.99 on Friday. The stock has a market capitalization of $9.08 billion and a P/E ratio of 15.94. The stock has a 50 day moving average price of $41.51 and a 200 day moving average price of $42.67. Metro has a 12 month low of $38.00 and a 12 month high of $47.41.

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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 26th. Investors of record on Tuesday, September 5th will be given a $0.162 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This is an increase from Metro’s previous quarterly dividend of $0.12. This represents a $0.65 annualized dividend and a yield of 1.62%.

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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