Metro (ETR:B4B3) has been given a €22.00 ($26.19) target price by investment analysts at Baader Bank in a report issued on Thursday. The firm currently has a “buy” rating on the stock. Baader Bank’s price target points to a potential upside of 33.33% from the company’s current price.
A number of other research firms have also recently commented on B4B3. Sanford C. Bernstein set a €17.00 ($20.24) target price on Metro and gave the stock a “neutral” rating in a research report on Thursday, August 31st. Warburg Research set a €23.80 ($28.33) target price on Metro and gave the stock a “buy” rating in a research report on Thursday, August 31st. set a €18.50 ($22.02) price target on Metro and gave the stock a “neutral” rating in a report on Monday, September 18th. Independent Research set a €11.50 ($13.69) price target on Metro and gave the stock a “buy” rating in a report on Monday, September 4th. Finally, Commerzbank set a €22.00 ($26.19) price target on Metro and gave the stock a “buy” rating in a report on Thursday, October 19th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of €20.74 ($24.69).
Shares of Metro (ETR B4B3) opened at €16.50 ($19.64) on Thursday. Metro has a 52-week low of €15.48 ($18.43) and a 52-week high of €19.70 ($23.45).
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Metro Company Profile
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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