Metro (ETR:B4B3) Given a €14.00 Price Target by Barclays Analysts
Metro (ETR:B4B3) has been assigned a €14.00 ($16.28) target price by research analysts at Barclays in a report issued on Tuesday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Barclays‘s target price would indicate a potential upside of 6.87% from the stock’s previous close.
Several other brokerages have also issued reports on B4B3. Berenberg Bank set a €14.40 ($16.74) price target on Metro and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Bank of America set a €11.50 ($13.37) price objective on Metro and gave the stock a “sell” rating in a report on Wednesday, October 9th. Independent Research set a €15.20 ($17.67) price objective on Metro and gave the company a “neutral” rating in a research report on Thursday, November 21st. Warburg Research set a €15.30 ($17.79) price objective on Metro and gave the company a “neutral” rating in a report on Monday, October 14th. Finally, HSBC set a €16.00 ($18.60) target price on Metro and gave the stock a “neutral” rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. Metro presently has an average rating of “Hold” and an average target price of €14.12 ($16.42).
B4B3 opened at €13.10 ($15.23) on Tuesday. The stock has a market cap of $39.43 million and a PE ratio of -69.31. The company has a quick ratio of 0.27, a current ratio of 0.86 and a debt-to-equity ratio of 160.71. Metro has a 52 week low of €10.57 ($12.29) and a 52 week high of €14.88 ($17.30). The business’s fifty day simple moving average is €13.03 and its 200 day simple moving average is €13.06.
Metro AG engages in the wholesale and food retail business. It operates 771 wholesale stores under the METRO and MAKRO brands primarily serving the needs of hotels, restaurants, catering companies, and independent retailers, as well as service providers and authorities. The company also develops digital solutions.
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