Today METRO (ETR:MEO) Has Been Upgraded by Independent Research GmbH to a Buy

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METRO (ETR:MEO) Stock Upgrade

Independent Research GmbH hiked shares of METRO (ETR:MEO) stock to a solid Buy rating. This recent change was announced in analysts note today. The investment house currently has a EUR 37.00 Estimated Target Price on MEO.

From a total of 11 analysts covering METRO (ETR:MEO) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 4 a ”Hold”. This means that 55% of the ratings are positive. The highest target price is €38.60 while the lowest target price is €24. The mean of all analyst targets is €32.06 with a 2.40% above today’s (€31.31) stock price. METRO was the topic of 22 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Independent Research upgraded shares on November 27 to “Buy” rating. Societe Generale downgraded shares to “Sell” rating and €24 target share price in a report from an October 20. Commerzbank upgraded MEO stock in a recent report from November 24 to “Add” rating. Warburg Research maintained the rating on October 16. Warburg Research has a “Hold” rating and a €31 price target on shares. Finally, JP Morgan maintained the stock with “Neutral” rating in a report issued on an October 21.

Approximately 25,724 shares of stock traded hands. METRO AG (ETR:MEO) has 0.00% since September 11, 2014 and is . It has outperformed by 1.36% the S&P500.

 Today METRO (ETR:MEO) Has Been Upgraded by Independent Research GmbH to a Buy

Metro AG is a Germany-based holding firm and international retailing company. The company has a market cap of 10.21 billion EUR. It operates numerous outlets in various countries in Europe, Africa and Asia. It has 212.64 P/E ratio. The Firm operates a portfolio of sales brands, which offers a range of services for private and commercial customers.

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