Metro Ag (MEO3) Given a €28.00 Price Target by Sanford C. Bernstein Analysts
Metro Ag (ETR:MEO3) received a €28.00 ($31.46) price target from Sanford C. Bernstein in a report issued on Thursday. The firm currently has a “neutral” rating on the stock.
Several other equities research analysts also recently weighed in on the company. Goldman Sachs Group Inc set a €28.70 ($32.25) price objective on Metro Ag and gave the company a “neutral” rating in a report on Monday, February 6th. equinet AG set a €38.00 ($42.70) price target on Metro Ag and gave the company a “buy” rating in a research report on Friday, March 31st. JPMorgan Chase & Co. set a €30.50 ($34.27) price target on Metro Ag and gave the company a “neutral” rating in a research report on Thursday, May 11th. HSBC Holdings plc set a €36.00 ($40.45) price target on Metro Ag and gave the company a “buy” rating in a research report on Monday, February 6th. Finally, Baader Bank set a €35.00 ($39.33) price objective on Metro Ag and gave the company a “buy” rating in a research note on Friday, February 3rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of €32.96 ($37.03).
Shares of Metro Ag (ETR:MEO3) opened at 27.888 on Thursday. Metro Ag has a 52 week low of €22.37 and a 52 week high of €29.85. The stock has a market cap of €9.14 billion and a P/E ratio of 36.503. The stock has a 50 day moving average of €26.97 and a 200 day moving average of €26.90.
About Metro Ag
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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