Metro Ag (ETR:MEO3)‘s stock had its “buy” rating restated by equities research analysts at DZ Bank AG in a report released on Tuesday.
Several other analysts have also recently weighed in on MEO3. Commerzbank AG set a €37.50 ($41.67) price objective on Metro Ag and gave the stock a “buy” rating in a report on Monday, June 6th. Societe Generale set a €22.00 ($24.44) price objective on Metro Ag and gave the stock a “sell” rating in a report on Friday, June 17th. Hauck & Aufhaeuser set a €32.00 ($35.56) price objective on Metro Ag and gave the stock a “buy” rating in a report on Wednesday, June 22nd. BNP Paribas set a €30.50 ($33.89) price objective on Metro Ag and gave the stock a “buy” rating in a report on Monday, June 27th. Finally, Bank of America Corp. set a €35.00 ($38.89) price objective on Metro Ag and gave the stock a “buy” rating in a report on Monday, June 27th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of €30.21 ($33.57).
Metro Ag (ETR:MEO3) traded up 1.065% during mid-day trading on Tuesday, hitting €24.954. 350 shares of the company traded hands. The company has a market capitalization of €8.56 billion and a price-to-earnings ratio of 8.047. The company’s 50-day moving average price is €24.96 and its 200 day moving average price is €24.57. Metro Ag has a one year low of €19.97 and a one year high of €26.00.
Metro Ag Company Profile
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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