Nomura Reaffirms Buy Rating on METRO AG (MEO3)
METRO AG (ETR: MEO3)‘s stock had its “buy” rating reaffirmed by research analysts at Nomura in a report released on Tuesday. They currently have a $30.77 (€24) target price on the stock.
METRO AG traded down 2.81% on Tuesday, hitting €23.52. METRO AG has a 52-week low of €20.30 and a 52-week high of €28.00.
A number of other firms have also recently commented on MEO3. Analysts at Commerzbank Corporates & Markets reiterated a “hold” rating on shares of METRO AG in a research note to investors on Tuesday, October 30th. They now have a $26.92 price target on the stock. Separately, analysts at AlphaValue reiterated an “add” rating on shares of METRO AG in a research note to investors on Thursday, October 25th. They now have a $32.34 price target on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of METRO AG in a research note to investors on Friday, October 19th. They now have a $28.95 price target on the stock.
Metro AG is a Germany-based holding company and international retailing company. It operates over 2,100 outlets in 33 countries in Europe, Africa and Asia.
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