Analysts Set Metro Ag (MEO3) PT at $30.70
Shares of Metro Ag (ETR:MEO3) have been assigned an average recommendation of “Hold” from the twenty-three analysts that are covering the firm. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is €30.70 ($33.01).
MEO3 has been the topic of several research reports. Baader Bank set a €35.00 ($37.63) price objective on shares of Metro Ag and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Commerzbank AG set a €37.50 ($40.32) price objective on shares of Metro Ag and gave the company a “buy” rating in a research note on Monday, July 25th. DZ Bank AG reiterated a “buy” rating on shares of Metro Ag in a research note on Tuesday, October 4th. BNP Paribas set a €26.50 ($28.49) price objective on shares of Metro Ag and gave the company a “neutral” rating in a research note on Tuesday, August 9th. Finally, Goldman Sachs Group Inc. set a €27.80 ($29.89) price objective on shares of Metro Ag and gave the company a “neutral” rating in a research note on Wednesday, August 31st.
Shares of Metro Ag (ETR:MEO3) opened at 25.513 on Wednesday. The company’s 50-day moving average is €24.93 and its 200 day moving average is €24.90. The stock has a market cap of €8.75 billion and a P/E ratio of 8.227. Metro Ag has a 1-year low of €19.97 and a 1-year high of €26.00.
Metro Ag Company Profile
Metro AG is a Germany-based company engaged in the self-service wholesale trade sector. The Company operates through three segments: METRO Cash & Carry, Media-Saturn and Real. The METRO Cash & Carry segment operates in the wholesale business for professional customers, such as hotels and restaurants, catering firms, independent retailers, service providers and public authorities, and comprises the brands METRO and MAKRO.
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