Metro, Inc. (TSE:MRU) will be announcing its earnings results before the market opens on Wednesday, November 22nd. Analysts expect the company to announce earnings of C$0.65 per share for the quarter.

Metro, Inc. (TSE:MRU) opened at C$42.02 on Wednesday. Metro, Inc. has a one year low of C$38.00 and a one year high of C$47.41.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Friday, October 27th were paid a dividend of $0.162 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Thursday, October 26th. Metro’s dividend payout ratio is 24.10%.

A number of equities analysts have weighed in on MRU shares. TD Securities downgraded shares of Metro from a “buy” rating to a “hold” rating and decreased their target price for the company from C$49.00 to C$44.00 in a research note on Tuesday, September 5th. Barclays PLC raised their price target on shares of Metro from C$44.00 to C$45.00 in a research report on Tuesday, October 3rd. Desjardins raised their price target on shares of Metro from C$48.00 to C$50.00 in a research report on Friday, September 29th. Eight Capital reduced their price target on shares of Metro from C$50.00 to C$47.00 and set a “neutral” rating for the company in a research report on Friday, September 15th. Finally, CIBC reduced their price target on shares of Metro from C$48.00 to C$46.00 in a research report on Wednesday, August 16th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Metro currently has a consensus rating of “Buy” and a consensus price target of C$47.70.

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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.

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