Metro (B4B3) Given a €17.00 Price Target by Sanford C. Bernstein Analysts
Metro (ETR:B4B3) has been assigned a €17.00 ($20.24) target price by equities researchers at Sanford C. Bernstein in a report released on Wednesday. The firm presently has a “neutral” rating on the stock. Sanford C. Bernstein’s target price indicates a potential downside of 1.73% from the company’s current price.
A number of other equities research analysts also recently weighed in on B4B3. Kepler Capital Markets set a €20.00 ($23.81) target price on shares of Metro and gave the company a “buy” rating in a research note on Tuesday, August 15th. equinet set a €29.00 ($34.52) target price on shares of Metro and gave the company a “buy” rating in a research note on Thursday, August 24th. set a €18.50 ($22.02) target price on shares of Metro and gave the company a “neutral” rating in a research note on Monday, August 28th. Warburg Research set a €23.80 ($28.33) target price on shares of Metro and gave the company a “buy” rating in a research note on Thursday, August 31st. Finally, DZ Bank reaffirmed a “buy” rating on shares of Metro in a research note on Thursday, August 31st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of €20.74 ($24.69).
Shares of Metro (ETR:B4B3) opened at €17.30 ($20.60) on Wednesday. Metro has a one year low of €15.48 ($18.43) and a one year 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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