Metro (B4B3) Given a €22.00 Price Target by Baader Bank Analysts
Metro (ETR:B4B3) has been given a €22.00 ($26.19) price objective by Baader Bank in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock. Baader Bank’s price objective suggests a potential upside of 28.65% from the company’s previous close.
B4B3 has been the topic of several other reports. equinet set a €29.00 ($34.52) target price on Metro and gave the stock a “buy” rating in a research note on Friday, October 20th. Warburg Research set a €23.80 ($28.33) price objective on Metro and gave the company a “buy” rating in a research report on Friday, October 20th. Sanford C. Bernstein set a €17.00 ($20.24) price objective on Metro and gave the company a “neutral” rating in a research report on Tuesday, November 28th. Barclays set a €21.00 ($25.00) price objective on Metro and gave the company a “buy” rating in a research report on Monday, December 4th. Finally, Kepler Capital Markets set a €20.00 ($23.81) price objective on Metro and gave the company a “buy” rating in a research report on Tuesday, August 15th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of €20.74 ($24.69).
Metro (ETR:B4B3) traded down €0.19 ($0.23) during midday trading on Wednesday, hitting €17.10 ($20.36). The company had a trading volume of 6,221 shares, compared to its average volume of 2,382. Metro has a 12 month low of €15.48 ($18.43) and a 12 month high of €19.70 ($23.45).
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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