The Barclays PLC Reiterates “€36.00” Price Target for Metro Ag (MEO3)

The Barclays PLC Reiterates “€36.00” Price Target for Metro Ag (MEO3)

Several other research firms also recently issued reports on MEO3. Goldman Sachs Group Inc set a €28.70 ($32.25) price objective on Metro Ag and gave the company a “neutral” rating in a report on Monday, February 6th. Berenberg Bank set a €32.60 ($36.63) price objective on Metro Ag and gave the company a “buy” rating in a report on Thursday. Sanford C. Bernstein set a €28.00 ($31.46) price objective on Metro Ag and gave the company a “neutral” rating in a report on Monday, February 13th. equinet AG set a €38.00 ($42.70) price objective on Metro Ag and gave the company a “buy” rating in a report on Friday, March 31st. Finally, JPMorgan Chase & Co. set a €30.50 ($34.27) price objective on Metro Ag and gave the company a “neutral” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company’s stock. Metro Ag has an average rating of “Hold” and an average target price of €33.00 ($37.08).

Metro Ag (ETR:MEO3) has been assigned a €36.00 ($40.45) price target by investment analysts at Barclays PLC in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the stock.

Shares of Metro Ag (ETR MEO3) opened at 27.346 on Monday. The company has a market cap of €8.97 billion and a P/E ratio of 35.793. Metro Ag has a 12 month low of €22.37 and a 12 month high of €29.85. The company’s 50-day moving average price is €27.18 and its 200-day moving average price is €26.99.

Metro Ag Company Profile

Metro AG is a Germany-based company engaged in the self-service wholesale trade sector. The Company operates through three segments: METRO Cash & Carry, Media-Saturn and Real. The METRO Cash & Carry segment operates in the wholesale business for professional customers, such as hotels and restaurants, catering firms, independent retailers, service providers and public authorities, and comprises the brands METRO and MAKRO.

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