The Metro Ag (MEO3) Given a €28.00 Price Target at Sanford C. Bernstein, Report finds

The Metro Ag (MEO3) Given a €28.00 Price Target at Sanford C. Bernstein, Report finds

MEO3 has been the subject of a number of other research reports. Baader Bank set a €35.00 ($37.63) price objective on shares of Metro Ag and gave the company a “buy” rating in a report on Tuesday, October 18th. Bankhaus Lampe set a €34.00 ($36.56) price objective on shares of Metro Ag and gave the company a “buy” rating in a report on Wednesday, October 19th. Commerzbank Ag set a €37.50 ($40.32) price objective on shares of Metro Ag and gave the company a “buy” rating in a report on Wednesday, October 19th. Deutsche Bank AG set a €26.00 ($27.96) price objective on shares of Metro Ag and gave the company a “neutral” rating in a report on Thursday, October 20th. Finally, Nord/LB set a €34.00 ($36.56) price target on shares of Metro Ag and gave the company a “buy” rating in a research note on Tuesday, November 22nd. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of €32.36 ($34.80).

Metro Ag (ETR:MEO3) has been given a €28.00 ($30.11) price target by stock analysts at Sanford C. Bernstein in a report issued on Monday. The brokerage presently has a “neutral” rating on the stock.

Shares of Metro Ag (ETR:MEO3) opened at 28.183 on Monday. The company’s 50 day moving average price is €28.04 and its 200-day moving average price is €25.92. Metro Ag has a 1-year low of €19.97 and a 1-year high of €29.85. The company has a market capitalization of €9.24 billion and a price-to-earnings ratio of 36.889.

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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