Metro Ag (ETR:MEO3) received a €36.00 ($40.91) target price from equities research analysts at HSBC Holdings plc in a note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the stock.
Several other brokerages have also recently issued reports on MEO3. Berenberg Bank set a €32.60 ($37.05) target price on Metro Ag and gave the stock a “buy” rating in a research report on Thursday, June 1st. equinet AG set a €38.00 ($43.18) target price on Metro Ag and gave the stock a “buy” rating in a research report on Friday, March 31st. J P Morgan Chase & Co set a €30.50 ($34.66) target price on Metro Ag and gave the stock a “neutral” rating in a research report on Thursday, June 1st. Kepler Capital Markets set a €33.60 ($38.18) target price on Metro Ag and gave the stock a “buy” rating in a research report on Thursday, June 29th. Finally, Barclays PLC set a €36.00 ($40.91) target price on Metro Ag and gave the stock a “buy” rating in a research report on Monday, May 29th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of €32.93 ($37.42).
Shares of Metro Ag (MEO3) opened at 28.126 on Tuesday. Metro Ag has a 52 week low of €23.53 and a 52 week high of €29.85. The company has a 50-day moving average price of €27.65 and a 200-day moving average price of €27.29. The company has a market capitalization of €9.21 billion and a PE ratio of 20.635.
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About Metro Ag
Metro AG is a Germany-based company engaged in the self-service wholesale trade sector. The Company operates through three segments: METRO Cash & Carry, Media-Saturn and Real. The METRO Cash & Carry segment operates in the wholesale business for professional customers, such as hotels and restaurants, catering firms, independent retailers, service providers and public authorities, and comprises the brands METRO and MAKRO.
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