Sanford C. Bernstein Reiterates €23.00 Price Target for Metro Ag (MEO3)
Metro Ag (ETR:MEO3) has been assigned a €23.00 ($25.27) target price by analysts at Sanford C. Bernstein in a report issued on Wednesday. The firm currently has a a “sell” rating on the stock.
MEO3 has been the subject of several other reports. Deutsche Bank AG set a €26.00 ($28.57) price target on shares of Metro Ag and gave the company a “neutral” rating in a research note on Tuesday, September 6th. DZ Bank AG reaffirmed a “buy” rating on shares of Metro Ag in a research note on Tuesday, October 4th. Goldman Sachs Group Inc. set a €27.80 ($30.55) price target on shares of Metro Ag and gave the company a “neutral” rating in a research note on Wednesday, August 31st. Bank of America Corp. set a €35.00 ($38.46) price target on shares of Metro Ag and gave the company a “buy” rating in a research note on Monday, June 27th. Finally, Barclays PLC set a €30.50 ($33.52) price target on shares of Metro Ag and gave the company a “buy” rating in a research note on Wednesday, September 14th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of €30.21 ($33.20).
Shares of Metro Ag (ETR:MEO3) opened at 24.837 on Wednesday. The stock has a 50 day moving average of €24.86 and a 200-day moving average of €24.82. Metro Ag has a one year low of €19.97 and a one year high of €26.00. The company has a market capitalization of €8.52 billion and a PE 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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