Metro Ag (MEO3) PT Set at €28.70 by Goldman Sachs Group Inc
Metro Ag (ETR:MEO3) received a €28.70 ($31.54) price target from analysts at Goldman Sachs Group Inc in a research report issued to clients and investors on Friday. The brokerage currently has a “neutral” rating on the stock.
Several other research firms have also commented on MEO3. Sanford C. Bernstein set a €28.00 ($30.77) target price on shares of Metro Ag and gave the company a “neutral” rating in a report on Monday, February 13th. equinet AG set a €38.00 ($41.76) target price on shares of Metro Ag and gave the company a “buy” rating in a report on Friday, March 31st. JPMorgan Chase & Co. set a €30.50 ($33.52) target price on shares of Metro Ag and gave the company a “neutral” rating in a report on Thursday, May 11th. HSBC Holdings plc set a €36.00 ($39.56) target price on shares of Metro Ag and gave the company a “buy” rating in a report on Monday, February 6th. Finally, Baader Bank set a €35.00 ($38.46) target price on shares of Metro Ag and gave the company a “buy” rating in a report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the stock. Metro Ag currently has an average rating of “Hold” and a consensus target price of €32.96 ($36.22).
Shares of Metro Ag (ETR:MEO3) traded up 0.21% during mid-day trading on Friday, hitting €27.75. 400 shares of the company traded hands. The stock has a market capitalization of €9.10 billion and a PE ratio of 36.32. Metro Ag has a 1-year low of €22.37 and a 1-year high of €29.85. The firm’s 50 day moving average price is €26.83 and its 200-day moving average price is €26.80.
Metro Ag Company Profile
Metro AG is a Germany-based company engaged in the self-service wholesale trade sector. The Company operates through three segments: METRO Cash & Carry, Media-Saturn and Real. The METRO Cash & Carry segment operates in the wholesale business for professional customers, such as hotels and restaurants, catering firms, independent retailers, service providers and public authorities, and comprises the brands METRO and MAKRO.
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