METRO (ETR:MEO) Rating Reaffirmed
Frankfurt: In analysts note issued to investors and clients on Thursday morning, Warburg Research has decided to restate their “Hold” rating on METRO (ETR:MEO) shares. They now have a EUR 31.00 target PPS on the firm. Warburg Research’s target would possibly suggest a potential upside of 8.81% from the company’s stock close price.
From a total of 14 analysts covering METRO (ETR:MEO) stock, 8 rate it a ”Buy”, 1 a “Sell”, and 5 a ”Hold”. This means that 57% of the ratings are positive. The highest target price is €40 while the lowest target price is €24. The mean of all analyst targets is €32.92 with a 15.63% above today’s (€28.47) stock price. METRO was the topic of 31 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Independent Research upgraded shares on December 16 to “Buy” rating. Bankhaus Lampe upgraded shares to “Buy” rating and €35 target share price in a report from a December 12. Kepler Cheuvreux maintained MEO stock in a recent report from December 16 with “Hold” rating. Warburg Research maintained the rating on December 11. Warburg Research has a “Hold” rating and a €31 price target on shares. Finally, Commerzbank upgraded the stock to “Add” rating in a report issued on a December 15.
The stock increased 0.80% or EUR 0.22 on December 16, striking EUR 28.47. Approximately 1.35 million shares of stock traded hands or 29.81% up from the average. METRO AG (ETR:MEO) has declined 10.78% since May 20, 2015 and is downtrending. It has underperformed by 8.16% the S&P500.
Metro AG is a Germany-based holding firm and international retailing company. The company has a market cap of 8.90 billion EUR. It operates numerous outlets in various countries in Europe, Africa and Asia. It has 193.38 P/E ratio. The Firm operates a portfolio of sales brands, which offers a range of services for private and commercial customers.