METRO (ETR:MEO) Stock Upgrade
Bankhaus Lampe KG has just given METRO (ETR:MEO) shares an updated Buy rating in an interesting research report revealed to clients and investors on Saturday morning. The brokerage firm after the upgrade has a respectable EUR 35.00 PT on the stock. The target announced by Bankhaus Lampe KG is 30.79% from MEO’s current share price.
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 20.36% above today’s (€26.72) stock price. METRO was the topic of 25 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Warburg Research maintained shares on December 11 with “Hold” rating. Bankhaus Lampe upgraded shares to “Buy” rating and €35 target share price in a report from an October 21. Deutsche Bank maintained MEO stock in a recent report from November 28 with “Hold” rating. Societe Generale downgraded the rating on October 20. Societe Generale has a “Sell” rating and a €24 price target on shares. Finally, HSBC upgraded the stock to “Buy” rating in a report issued on a November 26.
The stock decreased 3.21% or EUR 0.89 on December 11, striking EUR 26.72. Approximately 1.64 million shares of stock traded hands or 73.21% up from the average. METRO AG (ETR:MEO) has declined 10.78% since May 14, 2015 and is downtrending. It has underperformed by 7.77% the S&P500.
Metro AG is a Germany-based holding firm and international retailing company. The company has a market cap of 8.92 billion EUR. It operates numerous outlets in various countries in Europe, Africa and Asia. It has 181.5 P/E ratio. The Firm operates a portfolio of sales brands, which offers a range of services for private and commercial customers.