Independent Research GmbH Analysts Give Metro Ag (MEO3) a €36.00 Price Target
Metro Ag (ETR:MEO3) has been assigned a €36.00 ($40.45) target price by equities researchers at Independent Research GmbH in a research report issued on Thursday. The brokerage presently has a “buy” rating on the stock.
A number of other brokerages have also recently commented on MEO3. Barclays PLC set a €36.00 ($40.45) target price on Metro Ag and gave the stock a “buy” rating in a report on Monday, June 19th. equinet AG set a €38.00 ($42.70) price target on Metro Ag and gave the company a “buy” rating in a report on Monday, June 19th. Commerzbank Ag set a €37.00 ($41.57) price target on Metro Ag and gave the stock a “buy” rating in a research report on Friday, June 23rd. Baader Bank set a €35.00 ($39.33) price target on Metro Ag and gave the stock a “buy” rating in a research report on Friday, June 23rd. Finally, Kepler Capital Markets set a €33.60 ($37.75) price objective on shares of Metro Ag and gave the stock a “buy” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. Metro Ag presently has an average rating of “Hold” and a consensus price target of €32.93 ($37.00).
Shares of Metro Ag (MEO3) traded up 1.024% on Thursday, hitting €28.805. 1,297 shares of the stock traded hands. Metro Ag has a 52-week low of €22.37 and a 52-week high of €29.85. The firm has a 50 day moving average price of €27.44 and a 200 day moving average price of €27.20. The firm has a market cap of €9.43 billion and a PE ratio of 21.134.
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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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