Metro (ETR:B4B3) has been given a €12.40 ($14.42) price target by analysts at Sanford C. Bernstein in a report issued on Friday, September 14th. The firm presently has a “neutral” rating on the stock. Sanford C. Bernstein’s target price would indicate a potential downside of 3.74% from the company’s current price.
A number of other brokerages also recently issued reports on B4B3. BNP Paribas set a €14.00 ($16.28) price objective on Metro and gave the company a “neutral” rating in a research note on Thursday, June 7th. Societe Generale set a €12.00 ($13.95) price objective on Metro and gave the company a “neutral” rating in a research note on Monday, August 27th. JPMorgan Chase & Co. set a €12.50 ($14.53) price objective on Metro and gave the company a “neutral” rating in a research note on Thursday, August 23rd. Commerzbank set a €12.00 ($13.95) price objective on Metro and gave the company a “neutral” rating in a research note on Monday, August 13th. Finally, equinet set a €17.00 ($19.77) target price on Metro and gave the company a “buy” rating in a research report on Thursday, August 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of €13.43 ($15.62).
B4B3 traded up €0.11 ($0.13) during midday trading on Friday, hitting €12.88 ($14.98). 1,028 shares of the company were exchanged, compared to its average volume of 2,620. Metro has a 1-year low of €15.12 ($17.58) and a 1-year high of €19.70 ($22.91).
Metro Company Profile
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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