Metro Ag (MEO3) Given a €34.00 Price Target at Bankhaus Lampe
Metro Ag (ETR:MEO3) received a €34.00 ($37.36) target price from analysts at Bankhaus Lampe in a report issued on Wednesday. The brokerage presently has a a “buy” rating on the stock.
MEO3 has been the subject of a number of other research reports. Independent Research GmbH set a €34.00 ($37.36) price target on Metro Ag and gave the company a “buy” rating in a research report on Tuesday, July 12th. Societe Generale set a €22.00 ($24.18) price target on Metro Ag and gave the company a “sell” rating in a research report on Tuesday, September 6th. Kepler Capital Markets set a €26.00 ($28.57) price target on Metro Ag and gave the company a “neutral” rating in a research report on Tuesday, September 6th. Hauck & Aufhaeuser set a €32.00 ($35.16) price target on Metro Ag and gave the company a “buy” rating in a research report on Tuesday, August 2nd. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating on shares of Metro Ag in a research report on Tuesday, September 6th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. Metro Ag has a consensus rating of “Hold” and a consensus price target of €30.21 ($33.20).
Shares of Metro Ag (ETR:MEO3) opened at 24.837 on Wednesday. The firm’s 50-day moving average price is €24.86 and its 200 day moving average price is €24.82. The stock has a market cap of €8.52 billion and a P/E ratio of 8.009. Metro Ag has a one year low of €19.97 and a one year 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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