November 23, 2016 - By Peter Erickson
In a a report released on Wednesday, 23 November, Norddeutsche Landesbank stated it was upgrading METRO (ETR:MEO) stock to a “Buy”. The firm has EUR 34.00 target price on MEO’s stock.
Out of 22 analysts covering METRO (ETR:MEO), 13 rate it a “Buy”, 3 “Sell”, while 6 “Hold”. This means 59% are positive. €40 is the highest target while €21 is the lowest. The €30.30 average target is 9.11% above today’s (€27.77) stock price. METRO has been the topic of 120 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Add” rating on Thursday, August 6 by Commerzbank. The rating was upgraded by Commerzbank to “Buy” on Tuesday, April 5. The rating was upgraded by Bankhaus Lampe to “Buy” on Saturday, January 23. Kepler Cheuvreux maintained the shares of MEO in a report on Thursday, May 12 with “Hold” rating. On Friday, April 1 the stock rating was upgraded by Hauck & Aufhäuser Privatbankiers KGaA to “Buy”. The company was upgraded on Tuesday, March 22 by Commerzbank. The firm has “Buy” rating by Bankhaus Lampe given on Thursday, February 11. DZ BANK upgraded the shares of MEO in a report on Tuesday, September 6 to “Buy” rating. Bankhaus Lampe upgraded the stock to “Buy” rating in Wednesday, February 3 report. The firm earned “Hold” rating on Wednesday, December 16 by Kepler Cheuvreux.
About 142,922 shares traded hands. METRO AG (ETR:MEO) has declined 4.30% since April 15, 2016 and is downtrending. It has underperformed by 9.63% the S&P500.
Metro AG is a Germany-based company engaged in the self-service wholesale trade sector. The company has a market cap of 9.07 billion EUR. The Firm operates through three divisions: METRO Cash & Carry, Media-Saturn and Real. It has a 59.84 P/E ratio. 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.
More important recent METRO AG (ETR:MEO) news were published by: Wsj.com which released: “Metro AG Breakup Plan Faces Opposition” on September 23, 2016, also Economictimes.Indiatimes.com published article titled: “Metro AG to split its India ops for sharpening focus”, Businesswire.com published: “METRO GROUP prepares demerger into two independent, strong wholesale and …” on March 30, 2016. More interesting news about METRO AG (ETR:MEO) was released by: Moodys.com and their article: “Moody’s changes outlook on Metro AG’s Baa3 ratings to developing; affirms ratings” with publication date: April 02, 2016.
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