Metro (MRU) to Release Quarterly Earnings on Wednesday

Metro (TSE:MRU) will release its earnings data before the market opens on Wednesday, August 14th. Analysts expect Metro to post earnings of C$1.38 per share for the quarter.

Metro Stock Down 0.4 %

MRU opened at C$79.41 on Tuesday. The stock’s 50 day moving average price is C$77.99 and its 200 day moving average price is C$74.18. The company has a debt-to-equity ratio of 64.39, a current ratio of 1.12 and a quick ratio of 0.41. The stock has a market cap of C$17.92 billion, a P/E ratio of 18.60, a P/E/G ratio of 2.12 and a beta of 0.05. Metro has a 12 month low of C$65.43 and a 12 month high of C$83.16.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MRU shares. BMO Capital Markets lifted their price objective on shares of Metro from C$75.00 to C$83.00 and gave the company a “market perform” rating in a research note on Wednesday, August 7th. National Bankshares boosted their price target on shares of Metro from C$82.00 to C$85.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 6th. CIBC increased their price objective on shares of Metro from C$76.00 to C$77.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. TD Securities upgraded shares of Metro from a “hold” rating to a “buy” rating and raised their price objective for the company from C$80.00 to C$92.00 in a research note on Monday, July 22nd. Finally, Royal Bank of Canada upped their target price on Metro from C$82.00 to C$84.00 in a research report on Friday, July 12th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Metro currently has a consensus rating of “Hold” and a consensus price target of C$81.43.

Metro Company Profile

Metro Inc, through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. The company operates supermarkets, discount, neighborhood, and specialty stores that provide fresh and grocery products, baked goods, prepared food products, meats, dairy products, fruits and vegetables, frozen food products, bakery products, delicatessen items, and pastries.