Is METRO (ETR:MEO) Worth Your Time and Dime Following a Commerzbank AG Upgrade?


METRO (ETR:MEO) Stock Upgrade

Frankfurt-listed METRO (ETR:MEO), was lifted by equity analysts at Commerzbank AG today. Commerzbank AG lifted its rating on the 9.54B EUR market capitalized company to a “Add”, and decided to leave its Estimated Target Price of EUR 31.00 on MEO shares.

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 10.02% above today’s (€29.23) stock price. METRO was the topic of 23 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on November 28 with “Hold” rating. Societe Generale downgraded shares to “Sell” rating and €24 target share price in a report from an October 20. HSBC upgraded MEO stock in a recent report from November 26 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 increased 1.92% or EUR 0.55 on December 7, striking EUR 29.23. Approximately 1.06M shares of stock traded hands or 17.78% up from the average. METRO AG (ETR:MEO) has declined 10.78% since May 11, 2015 and is downtrending. It has underperformed by 9.71% the S&P500.

 Is METRO (ETR:MEO) Worth Your Time and Dime Following a Commerzbank AG Upgrade?

Metro AG is a Germany-based holding firm and international retailing company. The company has a market cap of 9.54 billion EUR. It operates numerous outlets in various countries in Europe, Africa and Asia. It has 198.55 P/E ratio. The Firm operates a portfolio of sales brands, which offers a range of services for private and commercial customers.