Metro Ag (MEO3) PT Set at €35.00 by Baader Bank
Metro Ag (ETR:MEO3) has been given a €35.00 ($38.46) price target by research analysts at Baader Bank in a report released on Tuesday. The brokerage presently has a a “buy” rating on the stock.
Several other equities analysts have also commented on MEO3. Hauck & Aufhaeuser set a €32.00 ($35.16) target price on Metro Ag and gave the company a “buy” rating in a research note on Wednesday, June 22nd. BNP Paribas set a €30.50 ($33.52) target price on Metro Ag and gave the company a “buy” rating in a research note on Monday, June 27th. Bank of America Corp. set a €35.00 ($38.46) target price on Metro Ag and gave the company a “buy” rating in a research note on Monday, June 27th. HSBC set a €33.00 ($36.26) target price on Metro Ag and gave the company a “buy” rating in a research note on Thursday, June 30th. Finally, Commerzbank AG set a €37.50 ($41.21) target price on Metro Ag and gave the company a “buy” rating in a research note on Tuesday, July 5th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of €30.21 ($33.20).
Shares of Metro Ag (ETR:MEO3) opened at 24.707 on Tuesday. The stock’s 50 day moving average price is €24.85 and its 200 day moving average price is €24.81. Metro Ag has a 12 month low of €19.97 and a 12 month high of €26.00. The firm has a market cap of €8.47 billion and a price-to-earnings ratio of 7.967.
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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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