Metro AG (B4B3) Given Average Recommendation of “Buy” by Brokerages
Shares of Metro AG (ETR:B4B3) have received an average rating of “Buy” from the thirteen research firms that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is €20.74 ($24.69).
B4B3 has been the subject of several recent analyst reports. Kepler Capital Markets set a €20.00 ($23.81) price target on Metro and gave the stock a “buy” rating in a report on Tuesday, August 15th. equinet set a €29.00 ($34.52) price target on Metro and gave the stock a “buy” rating in a report on Thursday, August 24th. DZ Bank reissued a “buy” rating on shares of Metro in a report on Thursday, August 31st. Warburg Research set a €23.80 ($28.33) price target on Metro and gave the stock a “buy” rating in a report on Thursday, August 31st. Finally, Barclays set a €21.00 ($25.00) price target on Metro and gave the stock a “buy” rating in a report on Friday, September 1st.
Shares of Metro (B4B3) opened at €16.26 ($19.35) on Wednesday. Metro has a twelve month low of €15.48 ($18.43) and a twelve month high of €19.70 ($23.45).
Metro Company Profile
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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