Metro Ag (MEO3) Earns Buy Rating from DZ Bank AG
Metro Ag (ETR:MEO3)‘s stock had its “buy” rating reiterated by research analysts at DZ Bank AG in a research note issued to investors on Tuesday.
Several other brokerages have also commented on MEO3. Baader Bank set a €35.00 ($38.89) price target on shares of Metro Ag and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. Commerzbank AG set a €37.50 ($41.67) price target on shares of Metro Ag and gave the stock a “buy” rating in a research report on Monday, July 25th. Societe Generale set a €22.00 ($24.44) price target on shares of Metro Ag and gave the stock a “sell” rating in a research report on Friday, June 17th. BNP Paribas set a €26.50 ($29.44) price target on shares of Metro Ag and gave the stock a “neutral” rating in a research report on Tuesday, August 9th. Finally, Goldman Sachs Group Inc. set a €27.80 ($30.89) price target on shares of Metro Ag and gave the stock a “neutral” rating in a research report on Wednesday, August 31st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of €30.21 ($33.57).
Metro Ag (ETR:MEO3) traded up 1.065% during midday trading on Tuesday, hitting €24.954. 350 shares of the stock traded hands. The company has a market cap of €8.56 billion and a PE ratio of 8.047. Metro Ag has a one year low of €19.97 and a one year high of €26.00. The company’s 50-day moving average is €24.96 and its 200-day moving average is €24.57.
Metro Ag Company Profile
Metro AG is a Germany-based holding company and international retailing company. It operates numerous outlets in various countries in Europe, Africa and Asia. The Company operates a portfolio of sales brands, which offers a range of services for private and commercial customers. The portfolio comprises Metro Cash & Carry brand, which is active in the self-service wholesale industry, Real hypermarkets brand, which operates the Real stores across Europe offering both food and non-food products; Media Markt brand, which is active on the European market in the consumer electronics retailing industry; Saturn brand, which operates consumer electronics stores, and Galeria Kaufhof brand, under which the Company operates department stores in Germany and Belgium.
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