Metro Ag (MEO3) PT Set at €37.50 by Commerzbank AG
Metro Ag (ETR:MEO3) has been assigned a €37.50 ($41.67) price target by equities researchers at Commerzbank AG in a research note issued on Monday. The brokerage currently has a a “buy” rating on the stock.
Several other equities research analysts also recently commented on MEO3. Baader Bank set a €33.00 ($36.67) price objective on Metro Ag and gave the company a “buy” rating in a report on Friday, June 3rd. Bankhaus Lampe set a €34.00 ($37.78) target price on Metro Ag and gave the company a “buy” rating in a research report on Friday, June 3rd. Macquarie set a €36.00 ($40.00) target price on Metro Ag and gave the company a “buy” rating in a research report on Monday, May 30th. BNP Paribas set a €30.50 ($33.89) target price on Metro Ag and gave the company a “buy” rating in a research report on Monday, June 27th. Finally, Hauck & Aufhaeuser set a €32.00 ($35.56) target price on Metro Ag and gave the company a “buy” rating in a research report on Tuesday, July 12th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of €30.21 ($33.57).
Shares of Metro Ag (ETR:MEO3) opened at 24.924 on Monday. The stock has a 50 day moving average of €24.99 and a 200 day moving average of €24.32. The firm has a market cap of €8.55 billion and a P/E ratio of 8.037. Metro Ag has a 52 week low of €19.85 and a 52 week high of €26.00.
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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