Metro (B4B3) Given a €21.00 Price Target by Independent Research Analysts
Metro (ETR:B4B3) received a €21.00 ($25.00) target price from investment analysts at Independent Research in a note issued to investors on Thursday. The firm presently has a “buy” rating on the stock. Independent Research’s price objective indicates a potential upside of 22.81% from the stock’s current price.
A number of other analysts have also commented on B4B3. Commerzbank set a €22.00 ($26.19) target price on shares of Metro and gave the stock a “buy” rating in a report on Friday, December 8th. J P Morgan Chase & Co set a €19.00 ($22.62) price target on shares of Metro and gave the stock a “neutral” rating in a research report on Wednesday. Sanford C. Bernstein set a €17.00 ($20.24) price target on shares of Metro and gave the stock a “neutral” rating in a research report on Tuesday, October 17th. Baader Bank set a €22.00 ($26.19) price target on shares of Metro and gave the stock a “buy” rating in a research report on Wednesday. Finally, Kepler Capital Markets set a €18.20 ($21.67) price target on shares of Metro and gave the stock a “neutral” rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of €20.25 ($24.10).
Metro (B4B3) remained flat at $€17.10 ($20.36) on Thursday. 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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