Metro Ag (MEO3) Given a €37.50 Price Target at Commerzbank AG
Metro Ag (ETR:MEO3) has been given a €37.50 ($41.21) price objective by Commerzbank AG in a report issued on Wednesday. The brokerage presently has a a “buy” rating on the stock.
Other research analysts also recently issued reports about the stock. Baader Bank set a €35.00 ($38.46) price objective on shares of Metro Ag and gave the company a “buy” rating in a research report on Tuesday. Bankhaus Lampe set a €34.00 ($37.36) price objective on shares of Metro Ag and gave the company a “buy” rating in a research report on Wednesday. Jefferies Group set a €32.00 ($35.16) price objective on shares of Metro Ag and gave the company a “buy” rating in a research report on Thursday, July 21st. Goldman Sachs Group Inc. reissued a “neutral” rating on shares of Metro Ag in a research report on Tuesday, September 6th. Finally, Independent Research GmbH set a €34.00 ($37.36) price objective on shares of Metro Ag and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of €30.21 ($33.20).
Shares of Metro Ag (ETR:MEO3) opened at 24.837 on Wednesday. Metro Ag has a 12-month low of €19.97 and a 12-month high of €26.00. The stock has a market cap of €8.52 billion and a P/E ratio of 8.009. The company’s 50-day moving average is €24.86 and its 200-day moving average is €24.82.
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.
Receive News & Ratings for Metro Ag Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metro Ag and related companies with MarketBeat.com's FREE daily email newsletter.