Metro (ETR:B4B3) has been assigned a €21.00 ($25.93) price objective by equities research analysts at Barclays in a report issued on Wednesday. The firm presently has a “buy” rating on the stock. Barclays’ price objective points to a potential upside of 22.81% from the company’s current price.
Several other equities analysts have also recently issued reports on the company. Warburg Research set a €21.00 ($25.93) price objective on Metro and gave the company a “buy” rating in a research note on Monday, December 18th. Baader Bank set a €22.00 ($27.16) price objective on Metro and gave the company a “buy” rating in a research note on Wednesday, October 25th. Sanford C. Bernstein set a €17.00 ($20.99) price objective on Metro and gave the company a “neutral” rating in a research note on Monday, October 30th. set a €18.50 ($22.84) price objective on Metro and gave the company a “neutral” rating in a research note on Monday, October 23rd. Finally, Deutsche Bank set a €16.50 ($20.37) price objective on Metro and gave the company a “neutral” rating in a research note on Tuesday, December 5th. Seven 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 target price of €19.64 ($24.25).
Shares of Metro (ETR B4B3) traded down €0.03 ($0.04) on Wednesday, hitting €17.10 ($21.11). The stock had a trading volume of 1,240 shares, compared to its average volume of 3,463. The stock has a market cap of $6,210.00 and a PE ratio of 19.00. Metro has a fifty-two week low of €15.48 ($19.11) and a fifty-two week high of €19.70 ($24.32).
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Metro AG engages in the wholesale and food retail business. As of September 31, 2017, it operated 759 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 authorities in 25 European and Asian countries.
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