Metro (ETR:B4B3) PT Set at €8.80 by Independent Research
Metro (ETR:B4B3) received a €8.80 ($10.35) target price from research analysts at Independent Research in a research report issued to clients and investors on Friday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Independent Research’s price objective indicates a potential downside of 0.68% from the stock’s current price.
B4B3 has been the topic of a number of other reports. Oddo Bhf set a €7.50 ($8.82) price objective on Metro and gave the company a “sell” rating in a research report on Friday, July 24th. Warburg Research set a €8.50 ($10.00) price objective on Metro and gave the company a “neutral” rating in a research report on Monday, September 14th. Jefferies Financial Group set a €8.50 ($10.00) price objective on Metro and gave the company 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 company a “neutral” rating in a research report on Monday, July 27th. Finally, Baader Bank set a €8.00 ($9.41) price objective on Metro and gave the company a “sell” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of €9.41 ($11.07).
Shares of Metro stock opened at €8.86 ($10.42) on Friday. The stock has a 50 day moving average of €8.91 and a 200 day moving average of €8.83. Metro has a 12 month low of €7.26 ($8.54) and a 12 month high of €13.70 ($16.12). The firm has a market cap of $26.36 million and a PE ratio of -97.36. The company has a current ratio of 0.90, a quick ratio of 0.50 and a debt-to-equity ratio of 287.21.
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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