Jefferies Financial Group set a €12.20 ($14.19) price objective on Metro (ETR:B4B3) in a research note issued to investors on Tuesday morning. The brokerage currently has a neutral rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. Warburg Research set a €13.00 ($15.12) target price on shares of Metro and gave the company a buy rating in a report on Wednesday, August 1st. equinet set a €17.00 ($19.77) target price on shares of Metro and gave the company a buy rating in a report on Thursday, July 12th. Barclays set a €10.80 ($12.56) target price on shares of Metro and gave the company a neutral rating in a report on Monday, July 16th. JPMorgan Chase & Co. set a €12.50 ($14.53) target price on shares of Metro and gave the company a neutral rating in a report on Thursday, July 12th. Finally, Commerzbank set a €12.00 ($13.95) price target on shares of Metro and gave the stock a neutral rating in a report on Tuesday, July 31st. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of €13.48 ($15.68).
Shares of B4B3 stock opened at €12.65 ($14.71) on Tuesday. Metro has a 1 year low of €15.12 ($17.58) and a 1 year high of €19.70 ($22.91).
Metro AG engages in the wholesale and food retail business. As of September 31, 2017, it operated 759 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 authorities in 25 European and Asian countries.
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