Independent Research set a €8.80 ($10.35) price objective on Metro (ETR:B4B3) in a report released on Friday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts have also weighed in on the company. Jefferies Financial Group set a €8.50 ($10.00) price objective on Metro and gave the stock a neutral rating in a research report on Wednesday. Kepler Capital Markets set a €8.90 ($10.47) price objective on Metro and gave the stock a neutral rating in a research report on Monday, July 27th. Berenberg Bank set a €9.00 ($10.59) target price on shares of Metro and gave the stock a neutral rating in a research note on Tuesday, August 18th. Oddo Bhf set a €7.50 ($8.82) target price on shares of Metro and gave the stock a sell rating in a research note on Friday, July 24th. Finally, Baader Bank set a €8.00 ($9.41) target price on shares of Metro and gave the stock a sell rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of €9.41 ($11.07).

Metro stock opened at €8.86 ($10.42) on Friday. Metro has a twelve month low of €7.26 ($8.54) and a twelve month high of €13.70 ($16.12). The stock’s fifty day simple moving average is €8.91 and its 200-day simple moving average is €8.83. The company has a current ratio of 0.90, a quick ratio of 0.50 and a debt-to-equity ratio of 287.21. The firm has a market capitalization of $26.36 million and a P/E ratio of -97.36.

About Metro

Metro AG engages in the wholesale and food retail business. It operates 771 wholesale stores under the METRO and MAKRO brands primarily serving the needs of hotels, restaurants, catering companies, and independent retailers, as well as service providers and authorities. The company also develops digital solutions.

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Analyst Recommendations for Metro (ETR:B4B3)

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