Metro AG (ETR:B4B3) received a €22.00 ($25.88) target price from investment analysts at Baader Bank in a research report issued to clients and investors on Wednesday. The brokerage currently has a “buy” rating on the stock.
Other equities research analysts have also issued reports about the company. Sanford C. Bernstein set a €17.00 ($20.00) price objective on Metro AG and gave the stock a “neutral” rating in a research report on Thursday, August 31st. Warburg Research set a €23.80 ($28.00) price target on Metro AG and gave the company a “buy” rating in a report on Thursday, August 31st. HSBC Holdings plc set a €18.50 ($21.76) price target on Metro AG and gave the company a “neutral” rating in a report on Monday, September 18th. Independent Research GmbH set a €11.50 ($13.53) price objective on Metro AG and gave the company a “buy” rating in a research note on Monday, September 4th. Finally, Commerzbank Ag set a €22.00 ($25.88) price objective on Metro AG and gave the company a “buy” rating in a research note on Thursday, October 19th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of €20.74 ($24.40).
Shares of Metro AG (ETR B4B3) opened at 16.80 on Wednesday. The company has a 50 day moving average of €16.61 and a 200 day moving average of €16.86. Metro AG has a 52-week low of €16.01 and a 52-week high of €18.70.
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About Metro AG
Metro AG engages in the wholesale and food retail business. As of March 31, 2017, it operated 751 METRO Cash & Carry wholesale stores under the METRO and MAKRO brand names serving hotel and restaurant owners, catering firms, and independent retailers, as well as service providers and public authorities in 25 European and Asian countries.
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