Baader Bank Reiterates “€14.50” Price Target for Metro (B4B3)
Other analysts have also issued reports about the stock. HSBC set a €10.00 ($11.63) price objective on shares of Metro and gave the company a sell rating in a research note on Monday, July 16th. Societe Generale set a €12.00 ($13.95) price objective on shares of Metro and gave the company a neutral rating in a research note on Thursday, August 2nd. equinet set a €17.00 ($19.77) price objective on shares of Metro and gave the company a buy rating in a research note on Friday, August 3rd. Barclays set a €11.40 ($13.26) price target on shares of Metro and gave the stock a neutral rating in a research report on Friday, August 3rd. Finally, Kepler Capital Markets set a €14.40 ($16.74) price target on shares of Metro and gave the stock a neutral rating in a research report on Friday, September 14th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the stock. Metro presently has a consensus rating of Hold and an average target price of €13.46 ($15.65).
B4B3 stock opened at €12.85 ($14.94) on Tuesday. Metro has a one year low of €15.12 ($17.58) and a one year high of €19.70 ($22.91).
Metro AG engages in the wholesale and food retail business. As of August 2, 2018, it operated 764 METRO Cash & Carry wholesale stores under the METRO and MAKRO brand names in 25 European and Asian countries. The company's stores primarily serve hotel and restaurant owners, catering firms, and independent retailers, as well as service providers and authorities.
Further Reading: Technical Analysis
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