Metro (ETR:B4B3) has been given a €22.00 ($26.19) target price by research analysts at Commerzbank in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. Commerzbank’s target price indicates a potential upside of 28.46% from the stock’s current price.
A number of other analysts have also commented on B4B3. equinet set a €29.00 ($34.52) price objective on Metro and gave the stock a “buy” rating in a report on Monday, September 25th. Deutsche Bank set a €16.50 ($19.64) price objective on Metro and gave the stock a “neutral” rating in a report on Monday, September 25th. set a €18.50 ($22.02) price objective on Metro and gave the stock a “neutral” rating in a report on Friday, October 13th. JPMorgan Chase & Co. set a €19.00 ($22.62) price objective on Metro and gave the stock a “neutral” rating in a report on Friday, October 13th. Finally, Sanford C. Bernstein set a €17.00 ($20.24) price objective on Metro and gave the stock a “neutral” rating in a report on Tuesday, October 17th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of €19.80 ($23.57).
Shares of Metro (ETR:B4B3) traded up €0.20 ($0.24) on Friday, reaching €17.13 ($20.39). The company’s stock had a trading volume of 3,843 shares, compared to its average volume of 3,658. The company has a market cap of $6,200.00 and a price-to-earnings ratio of 19.03. Metro has a 1 year low of €15.48 ($18.43) and a 1 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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