Should Investors Be Buying METRO (ETR:MEO) Shares? Commerzbank AG Has Just Upgraded The Stock

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METRO (ETR:MEO) Stock Upgrade

Commerzbank AG has hiked shares of METRO (ETR:MEO) to a respectable Add rating in an analyst research report shared with investors and clients today, and has set a 12month target price per share of EUR 31.00, which is 14.43% from MEO’s share price currently.

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 18.89% above today’s (€27.05) stock price. METRO was the topic of 26 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Bankhaus Lampe upgraded shares on December 12 to “Buy” rating. HSBC upgraded shares to “Buy” rating and €36 target share price in a report from a November 26. Commerzbank upgraded MEO stock in a recent report from December 8 to “Add” rating. Societe Generale downgraded the rating on October 20. Societe Generale has a “Sell” rating and a €24 price target on shares. Finally, Independent Research upgraded the stock to “Buy” rating in a report issued on a November 27.

The stock increased 1.22% or EUR 0.33 on December 14, striking EUR 27.05. Approximately 1.74 million shares of stock traded hands or 72.28% up from the average. METRO AG (ETR:MEO) has declined 10.78% since May 18, 2015 and is downtrending. It has underperformed by 6.37% the S&P500.

 Should Investors Be Buying METRO (ETR:MEO) Shares? Commerzbank AG Has Just Upgraded The Stock

Metro AG is a Germany-based holding firm and international retailing company. The company has a market cap of 8.83 billion EUR. It operates numerous outlets in various countries in Europe, Africa and Asia. It has 183.7 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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