Metro (TSE:MRU) Shares Pass Above 200-Day Moving Average of $52.79

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Metro, Inc. (TSE:MRU)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $52.79 and traded as high as $56.01. Metro shares last traded at $55.64, with a volume of 178,052 shares.

MRU has been the subject of a number of recent research reports. TD Securities lifted their target price on Metro from C$52.00 to C$57.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Royal Bank of Canada lifted their target price on Metro from C$52.00 to C$55.00 and gave the stock a “sector perform” rating in a report on Thursday, August 15th. National Bank Financial lifted their target price on Metro from C$55.00 to C$56.00 and gave the stock a “sector perform” rating in a report on Friday. CIBC lifted their target price on Metro from C$49.00 to C$54.00 in a report on Thursday, August 15th. Finally, Desjardins lifted their target price on Metro from C$51.00 to C$54.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of C$53.88.

The stock has a market cap of $14.20 billion and a PE ratio of 20.80. The company has a debt-to-equity ratio of 45.12, a quick ratio of 0.61 and a current ratio of 1.49. The stock has a fifty day moving average price of C$56.39 and a 200 day moving average price of C$52.90.

Metro (TSE:MRU) last announced its earnings results on Wednesday, August 14th. The company reported C$0.90 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.91 by C($0.01). The firm had revenue of C$5.23 billion during the quarter, compared to analysts’ expectations of C$5.30 billion. As a group, equities analysts anticipate that Metro, Inc. will post 3.17 earnings per share for the current fiscal year.

About Metro (TSE:MRU)

Metro Inc operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates food stores, including supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, general merchandise, non-perishable goods, dairy products, bakery products, pastries, and deli products, as well as Mediterranean and Middle-Eastern products; and drug stores and pharmacies.

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