Metro (ETR:B4B3) has been given a €29.00 ($34.52) price objective by research analysts at equinet in a report issued on Thursday. The brokerage presently has a “buy” rating on the stock. equinet’s price target would indicate a potential upside of 69.33% from the company’s previous close.
Other research analysts have also issued reports about the company. Commerzbank set a €22.00 ($26.19) price objective on Metro and gave the company a “buy” rating in a research report on Thursday, October 19th. Kepler Capital Markets set a €20.20 ($24.05) price objective on Metro and gave the company a “buy” rating in a research report on Tuesday, October 17th. Independent Research set a €22.00 ($26.19) price objective on Metro and gave the company a “buy” rating in a research report 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. Finally, Baader Bank set a €22.00 ($26.19) price objective on Metro and gave the company a “buy” rating in a research report on Wednesday, October 25th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of €19.80 ($23.57).
Metro (ETR B4B3) traded up €0.20 ($0.24) during trading hours on Thursday, 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. Metro has a one year low of €15.48 ($18.43) and a one year high of €19.70 ($23.45). The stock has a market capitalization of $6,200.00 and a price-to-earnings ratio of 19.03.
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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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