Metro, Inc. (MRU) Scheduled to Post Earnings on Wednesday
Metro, Inc. (TSE:MRU) is scheduled to be releasing its earnings data before the market opens on Wednesday, November 16th. Analysts expect Metro to post earnings of $0.42 per share for the quarter.
Shares of Metro, Inc. (TSE:MRU) opened at 39.72 on Tuesday. Metro, Inc. has a one year low of $37.06 and a one year high of $48.19. The stock has a market cap of $9.35 billion and a price-to-earnings ratio of 17.28. The company has a 50-day moving average price of $41.72 and a 200 day moving average price of $44.07.
A number of equities research analysts have recently commented on the company. TD Securities set a C$45.00 target price on Metro and gave the stock a “hold” rating in a research note on Monday. Barclays PLC increased their target price on Metro from C$41.00 to C$43.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 10th. Scotiabank reissued an “outperform” rating and issued a C$46.50 target price on shares of Metro in a research note on Wednesday, August 10th. Desjardins increased their target price on Metro from C$45.00 to C$46.00 and gave the stock a “hold” rating in a research note on Monday, August 15th. Finally, Raymond James Financial Inc. increased their target price on Metro from C$48.00 to C$50.00 in a research note on Monday, August 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of C$46.91.
Metro Inc is a retailer or a distributor and operates under various banners in the supermarket and discount segments. The Company operates approximately 340 supermarkets under the Metro and Metro Plus banners. It has over 200 discount stores operating under the Super C and Food Basics banners. The Adonis banner has over 10 stores, which offer Mediterranean and Middle-Eastern products.
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