Metro (ETR:B4B3) received a €22.00 ($27.16) price target from research analysts at Commerzbank in a research note issued on Monday. The firm currently has a “buy” rating on the stock. Commerzbank’s price objective points to a potential upside of 42.16% from the company’s previous close.
Several other research analysts also recently issued reports on the stock. Sanford C. Bernstein set a €17.00 ($20.99) price objective on shares of Metro and gave the stock a “neutral” rating in a research report on Monday, March 5th. Baader Bank set a €19.00 ($23.46) price objective on shares of Metro and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Berenberg Bank set a €18.50 ($22.84) target price on shares of Metro and gave the company a “neutral” rating in a report on Thursday, February 15th. Kepler Capital Markets set a €18.20 ($22.47) target price on shares of Metro and gave the company a “neutral” rating in a report on Thursday, February 15th. Finally, Independent Research set a €21.00 ($25.93) target price on shares of Metro and gave the company a “buy” rating in a report on Wednesday, February 14th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Metro currently has an average rating of “Buy” and an average price target of €19.56 ($24.15).
Shares of Metro (ETR:B4B3) traded down €0.12 ($0.15) during trading on Monday, reaching €15.48 ($19.11). 277 shares of the company’s stock traded hands, compared to its average volume of 2,841. Metro has a 52 week low of €15.45 ($19.07) and a 52 week high of €19.70 ($24.32). The stock has a market cap of $5,550.00 and a P/E ratio of 13.01.
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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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