Today Warburg Research Keeps a “Hold” Rating on METRO (ETR:MEO) and a EUR 31.00 Target Price

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METRO (ETR:MEO) Rating Reaffirmed

The brokerage has just set a price target of EUR 31.00 on METRO (ETR:MEO) shares. This is 11.95% from the current stock price. In a recent report published on 11 December, Warburg Research maintained their “Hold” rating on shares of 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 €32.16 with a 16.52% above today’s (€27.6) stock price. METRO was the topic of 24 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Commerzbank upgraded shares on December 8 to “Add” rating. Societe Generale downgraded shares to “Sell” rating and €24 target share price in a report from an October 20. Independent Research upgraded MEO stock in a recent report from November 27 to “Buy” rating. Warburg Research maintained the rating on October 16. Warburg Research has a “Hold” rating and a €31 price target on shares. Finally, Bankhaus Lampe upgraded the stock to “Buy” rating in a report issued on an October 21.

The stock decreased 2.20% or EUR 0.62 on December 10, striking EUR 27.6. Approximately 1.40 million shares of stock traded hands or 52.12% up from the average. METRO AG (ETR:MEO) has declined 10.78% since May 14, 2015 and is downtrending. It has underperformed by 8.85% the S&P500.

Today Warburg Research Keeps a

Metro AG is a Germany-based holding firm and international retailing company. The company has a market cap of 9.11 billion EUR. It operates numerous outlets in various countries in Europe, Africa and Asia. It has 187.51 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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