Metro Ag (MEO3) Given a €30.50 Price Target at Barclays PLC
Several other research analysts have also commented on the stock. BNP Paribas set a €26.50 ($29.44) price objective on shares of Metro Ag and gave the stock a neutral rating in a research note on Wednesday, September 14th. Sanford C. Bernstein set a €23.00 ($25.56) target price on shares of Metro Ag and gave the company a sell rating in a research note on Wednesday, September 7th. Commerzbank AG set a €37.50 ($41.67) target price on shares of Metro Ag and gave the company a buy rating in a research note on Wednesday, September 7th. Warburg Research set a €33.00 ($36.67) target price on shares of Metro Ag and gave the company a buy rating in a research note on Wednesday, September 7th. Finally, Morgan Stanley set a €29.00 ($32.22) target price on shares of Metro Ag and gave the company a neutral rating in a research note on Tuesday, September 6th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. Metro Ag presently has an average rating of Hold and an average price target of €30.21 ($33.57).
Shares of Metro Ag (ETR:MEO3) opened at 24.83 on Wednesday. Metro Ag has a 1-year low of €19.85 and a 1-year high of €26.00. The company has a market capitalization of €8.51 billion and a price-to-earnings ratio of 8.01. The firm’s 50-day moving average is €24.99 and its 200-day moving average is €24.29.
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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