Metro Ag (MEO3) Given a €37.50 Price Target by Commerzbank AG Analysts
Metro Ag (ETR:MEO3) has been assigned a €37.50 ($41.67) price objective by equities researchers at Commerzbank AG in a research note issued on Thursday. The brokerage presently has a a “buy” rating on the stock.
A number of other equities analysts have also recently commented on MEO3. BNP Paribas set a €30.50 ($33.89) target price on Metro Ag and gave the stock a “buy” rating in a report on Monday, June 27th. Warburg Research set a €33.00 ($36.67) price target on Metro Ag and gave the company a “buy” rating in a report on Wednesday, September 7th. Hauck & Aufhaeuser set a €32.00 ($35.56) price target on Metro Ag and gave the company a “buy” rating in a report on Wednesday, June 22nd. Bank of America Corp. set a €35.00 ($38.89) price target on Metro Ag and gave the company a “buy” rating in a report on Monday, June 27th. Finally, Baader Bank set a €35.00 ($38.89) price target on Metro Ag and gave the company a “buy” rating in a report on Thursday, July 14th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of €30.21 ($33.57).
Metro Ag (ETR:MEO3) traded down 0.053% during trading on Thursday, hitting €24.701. The stock had a trading volume of 400 shares. The company has a 50-day moving average of €24.89 and a 200 day moving average of €24.75. The firm has a market cap of €8.47 billion and a P/E ratio of 7.965. Metro Ag has a 52-week low of €19.97 and a 52-week high of €26.00.
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Metro Ag Company Profile
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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