Metro (B4B3) Given a €17.00 Price Target at Sanford C. Bernstein
Metro (ETR:B4B3) received a €17.00 ($20.24) price objective from Sanford C. Bernstein in a report issued on Monday. The firm presently has a “neutral” rating on the stock. Sanford C. Bernstein’s price target suggests a potential downside of 1.33% from the stock’s previous close.
A number of other brokerages have also weighed in on B4B3. Baader Bank set a €19.00 ($22.62) target price on Metro and gave the company a “buy” rating in a research note on Wednesday, January 3rd. set a €18.50 ($22.02) target price on Metro and gave the company a “neutral” rating in a research note on Monday, September 18th. Kepler Capital Markets set a €18.20 ($21.67) target price on Metro and gave the company a “neutral” rating in a research note on Thursday, December 14th. Commerzbank set a €22.00 ($26.19) target price on Metro and gave the company a “buy” rating in a research note on Thursday, October 19th. Finally, equinet set a €29.00 ($34.52) price target on Metro and gave the company a “buy” rating in a report on Friday, October 20th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Metro has a consensus rating of “Buy” and a consensus target price of €19.80 ($23.57).
Shares of Metro (ETR B4B3) opened at €17.23 ($20.51) on Monday. Metro has a 12 month low of €15.48 ($18.43) and a 12 month high of €19.70 ($23.45). The firm has a market capitalization of $6,360.00 and a price-to-earnings ratio of 19.14.
Metro Company Profile
Metro AG engages in the wholesale and food retail business. As of March 31, 2017, it operated 751 METRO Cash & Carry wholesale stores under the METRO and MAKRO brand names serving hotel and restaurant owners, catering firms, and independent retailers, as well as service providers and public authorities in 25 European and Asian countries.
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