Metro AG (ETR:B4B3) received a €17.00 ($20.00) price target from investment analysts at Sanford C. Bernstein in a report released on Tuesday, November 7th. The firm presently has a “neutral” rating on the stock. Sanford C. Bernstein’s price target would indicate a potential upside of 6.25% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. Kepler Capital Markets set a €20.00 ($23.53) price objective on Metro and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Deutsche Bank AG set a €16.00 ($18.82) price objective on Metro and gave the stock a “neutral” rating in a research report on Monday, August 14th. equinet AG set a €29.00 ($34.12) price objective on Metro and gave the stock a “buy” rating in a research report on Monday, September 25th. Barclays PLC set a €23.00 ($27.06) price objective on Metro and gave the stock a “buy” rating in a research report on Monday, August 7th. Finally, Commerzbank Ag set a €22.00 ($25.88) price objective on Metro and gave the stock a “buy” rating in a research report on Thursday, October 19th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Metro presently has an average rating of “Buy” and a consensus target price of €20.74 ($24.40).
Shares of Metro (ETR B4B3) traded up €0.15 ($0.18) on Tuesday, reaching €16.00 ($18.82). The company’s stock had a trading volume of 472 shares, compared to its average volume of 3,153. Metro has a 52-week low of €15.73 ($18.51) and a 52-week high of €19.70 ($23.18).
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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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