Metro, Inc. (TSE:MRU) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, August 15th. Analysts expect Metro to post earnings of $0.81 per share for the quarter.

Shares of Metro, Inc. (TSE:MRU) opened at 42.54 on Tuesday. Metro, Inc. has a 1-year low of $38.00 and a 1-year high of $47.63. The company has a market cap of $9.68 billion and a P/E ratio of 17.26. The stock’s 50 day moving average price is $42.85 and its 200 day moving average price is $42.39.

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In other Metro news, insider Yves V√©zina sold 9,600 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of C$46.20, for a total transaction of C$443,520.00. Also, insider Christian Bourbonni√®re sold 10,000 shares of the business’s stock in a transaction that occurred 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. In the last three months, insiders have sold 20,135 shares of company stock worth $922,456.

A number of research firms recently issued reports on MRU. Eight Capital lifted their target price on Metro from C$52.00 to C$54.00 in a research report on Wednesday, April 26th. National Bank Financial lifted their target price on Metro from C$45.00 to C$47.00 in a research report on Wednesday, April 26th. Scotiabank lifted their target price on Metro from C$52.00 to C$54.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. Desjardins lifted their target price on Metro from C$46.00 to C$49.00 in a research report on Wednesday, April 26th. Finally, CIBC lifted their target price on Metro from C$43.00 to C$48.00 in a research report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$48.92.

About Metro

METRO INC. is engaged in food and pharmaceutical distribution. The Company operates under various grocery banners in the supermarket and discount segments. The Company operates or supplies a network of over 940 food stores under various banners, including Metro, Metro Plus, Super C, Food Basics, Adonis and Premiere Moisson, as well as approximately 260 drugstores under the Brunet, Metro Pharmacy and Drug Basics banners.

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