Is METRO (ETR:MEO) Worth Your Time and Dime Following a Independent Research GmbH Upgrade?

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METRO (ETR:MEO) Stock Upgrade

Independent Research GmbH boosted shares of METRO (ETR:MEO) to a Buy rating in a very recent research note revealed on Wednesday morning. The investment house currently has a EUR 35.00 target PPS on shares.

From a total of 12 analysts covering METRO (ETR:MEO) stock, 7 rate it a ”Buy”, 1 a “Sell”, and 4 a ”Hold”. This means that 58% 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 €32.51 with a 15.08% above today’s (€28.25) stock price. METRO was the topic of 28 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Jefferies upgraded shares on December 15 to “Buy” rating. Independent Research upgraded shares to “Buy” rating and €37 target share price in a report from a November 27. Bankhaus Lampe upgraded MEO stock in a recent report from December 12 to “Buy” rating. HSBC upgraded the rating on November 26. HSBC has a “Buy” rating and a €36 price target on shares. Finally, Deutsche Bank maintained the stock with “Hold” rating in a report issued on a November 28.

The stock increased 4.44% or EUR 1.2 on December 15, striking EUR 28.25. Approximately 1.73M shares of stock traded hands or 71.29% up from the average. METRO AG (ETR:MEO) has declined 10.78% since May 19, 2015 and is downtrending. It has underperformed by 7.11% the S&P500.

 Is METRO (ETR:MEO) Worth Your Time and Dime Following a Independent Research GmbH Upgrade?

Metro AG is a Germany-based holding firm and international retailing company. The company has a market cap of 9.22 billion EUR. It operates numerous outlets in various countries in Europe, Africa and Asia. It has 191.86 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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