METRO (ETR:MEO) Stock Upgrade
Frankfurt-listed METRO (ETR:MEO), was increased by expert analysts at Bankhaus Lampe KG today. Bankhaus Lampe KG increased its rating on the 9.12 billion EUR market capitalized company to a Buy, and decided to leave its target price of EUR 35.00 on MEO shares.
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 14.90% above today’s (€28.65) stock price. METRO was the topic of 32 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Warburg Research maintained shares on December 17 with “Hold” rating. Commerzbank upgraded shares to “Add” rating and €31 target share price in a report from a December 15. Bernstein upgraded MEO stock in a recent report from December 16 to “Outperform” rating. Bankhaus Lampe upgraded the rating on December 12. Bankhaus Lampe has a “Buy” rating and a €35 price target on shares. Finally, Jefferies upgraded the stock to “Buy” rating in a report issued on a December 15.
The stock decreased 1.88% or EUR 0.55 on December 18, striking EUR 28.65. Approximately 2.22 million shares of stock traded hands or 100.00% up from the average. METRO AG (ETR:MEO) has risen 2.45% since May 22, 2015 and is uptrending. It has outperformed by 6.26% the S&P500.
Metro AG is a Germany-based holding firm and international retailing company. The company has a market cap of 9.12 billion EUR. It operates numerous outlets in various countries in Europe, Africa and Asia. It has 194.61 P/E ratio. The Firm operates a portfolio of sales brands, which offers a range of services for private and commercial customers.