Metro (ETR:B4B3) has been assigned a €11.80 ($14.05) price target by equities research analysts at Barclays in a research report issued on Wednesday. The firm currently has a “neutral” rating on the stock. Barclays’ target price indicates a potential downside of 5.60% from the company’s previous close.
A number of other research firms have also recently weighed in on B4B3. Deutsche Bank set a €16.00 ($19.05) price target on Metro and gave the stock a “neutral” rating in a report on Monday, February 5th. Kepler Capital Markets set a €18.20 ($21.67) target price on Metro and gave the company a “neutral” rating in a report on Thursday, February 15th. Berenberg Bank set a €18.50 ($22.02) target price on Metro and gave the company a “neutral” rating in a report on Thursday, February 15th. Independent Research set a €21.00 ($25.00) target price on Metro and gave the company a “buy” rating in a report on Wednesday, February 14th. Finally, JPMorgan Chase set a €17.50 ($20.83) target price on Metro and gave the company a “neutral” rating in a report on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of €14.63 ($17.41).
ETR B4B3 opened at €12.50 ($14.88) on Wednesday. Metro has a twelve month low of €15.12 ($18.00) and a twelve month high of €19.70 ($23.45).
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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