Metro (B4B3) Given a €16.50 Price Target at Deutsche Bank
Metro (ETR:B4B3) received a €16.50 ($19.64) price objective from Deutsche Bank in a research note issued on Tuesday. The firm currently has a “neutral” rating on the stock. Deutsche Bank’s price target would suggest a potential upside of 1.51% from the stock’s previous close.
B4B3 has been the topic of a number of other reports. Sanford C. Bernstein set a €17.00 ($20.24) price target on shares of Metro and gave the stock a “neutral” rating in a report on Monday, October 30th. DZ Bank reissued a “buy” rating on shares of Metro in a report on Thursday, August 31st. J P Morgan Chase & Co set a €10.00 ($11.90) price target on shares of Metro and gave the stock a “neutral” rating in a report on Monday, September 4th. set a €18.50 ($22.02) price target on shares of Metro and gave the stock a “neutral” rating in a report on Monday, August 28th. Finally, BNP Paribas set a €17.90 ($21.31) price target on shares of Metro and gave the stock a “buy” rating in a report on Friday, September 15th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of €20.74 ($24.69).
Shares of Metro (ETR B4B3) traded up €0.38 ($0.45) during trading on Tuesday, hitting €16.26 ($19.35). 3,971 shares of the stock were exchanged, compared to its average volume of 2,538. Metro has a 52-week low of €15.48 ($18.43) and a 52-week high of €19.70 ($23.45).
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Metro AG engages in the wholesale and food retail business. As of March 31, 2017, it operated 751 METRO Cash & Carry wholesale stores under the METRO and MAKRO brand names serving hotel and restaurant owners, catering firms, and independent retailers, as well as service providers and public authorities in 25 European and Asian countries.
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