Metro Ag (MEO3) Given a €35.00 Price Target at Baader Bank

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Metro Ag (ETR:MEO3) received a €35.00 ($38.89) target price from investment analysts at Baader Bank in a report issued on Tuesday. The brokerage presently has a a “buy” rating on the stock.
Other equities research analysts have also recently issued research reports about the company. Commerzbank AG set a €37.50 ($41.67) target price on Metro Ag and gave the stock a “buy” rating in a report on Monday, May 23rd. Macquarie reissued a “buy” rating and set a target price on shares of Metro Ag in a report on Tuesday, May 24th. DZ Bank AG reissued a “buy” rating on shares of Metro Ag in a report on Tuesday, April 5th. Bank of America Corp. set a €35.00 ($38.89) target price on Metro Ag and gave the stock a “buy” rating in a report on Monday, June 27th. Finally, Deutsche Bank AG set a €26.00 ($28.89) target price on Metro Ag and gave the stock a “neutral” rating in a report on Friday, April 22nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of €30.19 ($33.55).
Metro Ag (ETR:MEO3) opened at 24.93 on Tuesday. The firm’s 50 day moving average price is €25.03 and its 200-day moving average price is €24.07. Metro Ag has a 52 week low of €19.85 and a 52 week high of €26.00. The stock has a market cap of €8.55 billion and a price-to-earnings ratio of 8.04.

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Metro Ag Company Profile
Metro AG is a Germany-based holding company and international retailing company. It operates numerous outlets in various countries in Europe, Africa and Asia. The Company operates a portfolio of sales brands, which offers a range of services for private and commercial customers. The portfolio comprises Metro Cash & Carry brand, which is active in the self-service wholesale industry, Real hypermarkets brand, which operates the Real stores across Europe offering both food and non-food products; Media Markt brand, which is active on the European market in the consumer electronics retailing industry; Saturn brand, which operates consumer electronics stores, and Galeria Kaufhof brand, under which the Company operates department stores in Germany and Belgium.

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