Metro (ETR:B4B3) PT Set at €12.20 by Jefferies Financial Group

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Metro (ETR:B4B3) received a €12.20 ($14.19) target price from Jefferies Financial Group in a research report issued to clients and investors on Tuesday, October 16th. The brokerage presently has a “neutral” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential downside of 0.42% from the stock’s previous close.

A number of other brokerages also recently commented on B4B3. Societe Generale set a €12.00 ($13.95) target price on shares of Metro and gave the stock a “neutral” rating in a research note on Monday, August 27th. Independent Research set a €15.00 ($17.44) target price on shares of Metro and gave the stock a “neutral” rating in a research note on Friday, September 14th. equinet set a €17.00 ($19.77) target price on shares of Metro and gave the stock a “buy” rating in a research note on Monday, September 24th. JPMorgan Chase & Co. set a €12.50 ($14.53) target price on shares of Metro and gave the stock a “neutral” rating in a research note on Thursday, August 23rd. Finally, Commerzbank set a €12.00 ($13.95) target price on shares of Metro and gave the stock a “neutral” rating in a research note on Monday, August 13th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of €13.21 ($15.36).

B4B3 stock traded up €0.04 ($0.05) during mid-day trading on Tuesday, reaching €12.25 ($14.25). The company had a trading volume of 2,847 shares, compared to its average volume of 2,620. Metro has a 12 month low of €15.12 ($17.58) and a 12 month high of €19.70 ($22.91).

About Metro

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.

See Also: Dollar Cost Averaging

Analyst Recommendations for Metro (ETR:B4B3)

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