Metro Ag (ETR:MEO3) has been given a €26.00 ($28.89) price target by Deutsche Bank AG in a report issued on Wednesday. The brokerage currently has a a “neutral” rating on the stock.
Several other research analysts also recently issued reports on MEO3. Societe Generale set a €22.00 ($24.44) price target on shares of Metro Ag and gave the stock a “sell” rating in a research report on Friday, June 17th. Hauck & Aufhaeuser set a €32.00 ($35.56) price objective on Metro Ag and gave the stock a “buy” rating in a report on Wednesday, June 22nd. BNP Paribas set a €30.50 ($33.89) price objective on Metro Ag and gave the stock a “buy” rating in a report on Monday, June 27th. Bank of America Corp. set a €35.00 ($38.89) price objective on Metro Ag and gave the stock a “buy” rating in a report on Monday, June 27th. Finally, HSBC set a €33.00 ($36.67) price objective on Metro Ag and gave the stock a “buy” rating in a report on Thursday, June 30th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. Metro Ag currently has a consensus rating of “Hold” and an average target price of €30.21 ($33.57).
Shares of Metro Ag (ETR:MEO3) opened at 24.731 on Wednesday. Metro Ag has a 12-month low of €19.97 and a 12-month high of €26.00. The company’s 50 day moving average is €24.89 and its 200 day moving average is €24.75. The firm has a market capitalization of €8.48 billion and a PE ratio of 7.975.
About Metro Ag
Metro AG is a Germany-based holding company and international retailing company. It operates numerous outlets in various countries in Europe, Africa and Asia. The Company operates a portfolio of sales brands, which offers a range of services for private and commercial customers. The portfolio comprises Metro Cash & Carry brand, which is active in the self-service wholesale industry, Real hypermarkets brand, which operates the Real stores across Europe offering both food and non-food products; Media Markt brand, which is active on the European market in the consumer electronics retailing industry; Saturn brand, which operates consumer electronics stores, and Galeria Kaufhof brand, under which the Company operates department stores in Germany and Belgium.
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