Metro Ag (MEO3) PT Set at €37.50 by Commerzbank AG
Metro Ag (ETR:MEO3) has been given a €37.50 ($41.67) price objective by equities research analysts at Commerzbank AG in a research note issued to investors on Thursday. The brokerage currently has a a “buy” rating on the stock.
Several other equities research analysts also recently commented on MEO3. BNP Paribas set a €30.50 ($33.89) price target on shares of Metro Ag and gave the company a “buy” rating in a research report on Monday, June 27th. Warburg Research set a €33.00 ($36.67) target price on shares of Metro Ag and gave the stock a “buy” rating in a research report on Wednesday, September 7th. Hauck & Aufhaeuser set a €32.00 ($35.56) target price on shares of Metro Ag and gave the stock a “buy” rating in a research report on Wednesday, June 22nd. Bank of America Corp. set a €35.00 ($38.89) target price on shares of Metro Ag and gave the stock a “buy” rating in a research report on Monday, June 27th. Finally, Baader Bank set a €35.00 ($38.89) target price on shares of Metro Ag and gave the stock a “buy” rating in a research report on Thursday, July 14th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of €30.21 ($33.57).
Shares of Metro Ag (ETR:MEO3) traded down 0.053% during mid-day trading on Thursday, hitting €24.701. 400 shares of the stock traded hands. The company has a market cap of €8.47 billion and a price-to-earnings ratio of 7.965. The stock has a 50-day moving average of €24.89 and a 200-day moving average of €24.75. Metro Ag has a 52 week low of €19.97 and a 52 week high of €26.00.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/13/metro-ag-meo3-pt-set-at-37-50-by-commerzbank-ag.html
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.
Receive News & Ratings for Metro Ag Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metro Ag and related companies with MarketBeat.com's FREE daily email newsletter.