Analysts Set Metro Ag (MEO3) PT at $30.30
Shares of Metro Ag (ETR:MEO3) have been given a consensus rating of “Hold” by the twenty-three research firms that are covering the company. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is €30.30 ($33.66).
Several analysts have recently commented on MEO3 shares. Hauck & Aufhaeuser set a €32.00 ($35.56) target price on shares of Metro Ag and gave the stock a “buy” rating in a research note on Wednesday, June 22nd. BNP Paribas set a €30.50 ($33.89) price target on shares of Metro Ag and gave the company a “buy” rating in a report on Monday, June 27th. Bank of America Corp. set a €35.00 ($38.89) price target on shares of Metro Ag and gave the company a “buy” rating in a report on Monday, June 27th. HSBC set a €33.00 ($36.67) price target on shares of Metro Ag and gave the company a “buy” rating in a report on Thursday, June 30th. Finally, Commerzbank AG set a €37.50 ($41.67) price target on shares of Metro Ag and gave the company a “buy” rating in a report on Tuesday, July 5th.
Metro Ag (ETR:MEO3) opened at 24.743 on Wednesday. The firm has a market capitalization of €8.48 billion and a price-to-earnings ratio of 7.979. Metro Ag has a 12-month low of €19.97 and a 12-month high of €26.00. The firm has a 50-day moving average of €24.88 and a 200 day moving average of €24.75.
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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