Metro (ETR:B4B3) has been given a €17.50 ($21.60) target price by research analysts at JPMorgan Chase & Co. in a report released on Wednesday. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 0.57% from the stock’s current price.
Several other brokerages also recently commented on B4B3. Baader Bank set a €19.00 ($23.46) target price on Metro and gave the company a “buy” rating in a report on Wednesday, January 3rd. Kepler Capital Markets set a €18.20 ($22.47) target price on Metro and gave the company a “neutral” rating in a report on Thursday, December 14th. Deutsche Bank set a €16.00 ($19.75) target price on Metro and gave the company a “neutral” rating in a report on Monday, February 5th. Commerzbank set a €22.00 ($27.16) target price on Metro and gave the company a “buy” rating in a report on Thursday, October 19th. Finally, Sanford C. Bernstein set a €17.00 ($20.99) price objective on Metro and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of €19.61 ($24.21).
Shares of Metro (ETR B4B3) opened at €17.40 ($21.48) on Wednesday. Metro has a fifty-two week low of €15.48 ($19.11) and a fifty-two week high of €19.70 ($24.32). The company has a market capitalization of $6,370.00 and a price-to-earnings ratio of 19.33.
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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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