Metro Ag (MEO3) Given a €34.00 Price Target at Bankhaus Lampe
Metro Ag (ETR:MEO3) has been assigned a €34.00 ($37.36) target price by stock analysts at Bankhaus Lampe in a research note issued on Wednesday. The firm presently has a a “buy” rating on the stock.
Other equities analysts also recently issued reports about the stock. Commerzbank AG set a €37.50 ($41.21) target price on shares of Metro Ag and gave the stock a “buy” rating in a research report on Monday, July 25th. Jefferies Group set a €32.00 ($35.16) price target on shares of Metro Ag and gave the company a “buy” rating in a report on Thursday, July 21st. Barclays PLC set a €32.00 ($35.16) price target on shares of Metro Ag and gave the company a “buy” rating in a report on Thursday, July 21st. Baader Bank set a €35.00 ($38.46) price target on shares of Metro Ag and gave the company a “buy” rating in a report on Thursday, July 14th. Finally, Hauck & Aufhaeuser set a €32.00 ($35.16) price target on shares of Metro Ag and gave the company a “buy” rating in a report on Tuesday, July 12th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. Metro Ag presently has an average rating of “Hold” and a consensus target price of €30.21 ($33.20).
Metro Ag (ETR:MEO3) opened at 24.837 on Wednesday. The stock’s 50 day moving average price is €24.86 and its 200 day moving average price is €24.82. Metro Ag has a 12-month low of €19.97 and a 12-month high of €26.00. The company has a market capitalization of €8.52 billion and a price-to-earnings ratio of 8.009.
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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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