Metro Ag (MEO3) Given a €37.50 Price Target by Commerzbank AG Analysts
Several other analysts also recently weighed in on MEO3. BNP Paribas set a €30.50 ($33.89) target price on Metro Ag and gave the company a buy rating in a report on Monday, June 27th. Warburg Research set a €33.00 ($36.67) price objective on Metro Ag and gave the company a buy rating in a research note on Wednesday, September 7th. Hauck & Aufhaeuser set a €32.00 ($35.56) price objective on Metro Ag and gave the company a buy rating in a research note on Wednesday, June 22nd. Bank of America Corp. set a €35.00 ($38.89) price objective on Metro Ag and gave the company a buy rating in a research note on Monday, June 27th. Finally, Baader Bank set a €35.00 ($38.89) price objective on Metro Ag and gave the company a buy rating in a research note on Thursday, July 14th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of €30.21 ($33.57).
Shares of Metro Ag (ETR:MEO3) opened at 24.817 on Thursday. The stock has a 50 day moving average price of €24.89 and a 200-day moving average price of €24.75. The firm has a market capitalization of €8.51 billion and a price-to-earnings ratio of 8.003. Metro Ag has a 52 week low of €19.97 and a 52 week high of €26.00.
About Metro Ag
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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