Todays Report: The Metro Ag (MEO3) Given a €37.50 Price Target at Commerzbank AG

The Metro Ag (MEO3) Given a €37.50 Price Target at Commerzbank AG

Commerzbank AG set a €37.50 ($41.21) price target on Metro Ag (ETR:MEO3) in a research note issued to investors on Tuesday. The brokerage currently has a a buy rating on the stock.

Several other equities analysts have also recently issued reports on the stock. Jefferies Group set a €32.00 ($35.16) target price on shares of Metro Ag and gave the company a buy rating in a research note on Thursday, July 21st. Deutsche Bank AG set a €26.00 ($28.57) price objective on shares of Metro Ag and gave the stock a neutral rating in a research report on Tuesday, September 6th. Morgan Stanley set a €29.00 ($31.87) price objective on shares of Metro Ag and gave the stock a neutral rating in a research report on Tuesday, September 6th. Kepler Capital Markets set a €26.00 ($28.57) price objective on shares of Metro Ag and gave the stock a neutral rating in a research report on Tuesday, September 6th. Finally, Goldman Sachs Group Inc. restated a neutral rating on shares of Metro Ag in a research report on Tuesday, September 6th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of €30.21 ($33.20).

Metro Ag (ETR:MEO3) opened at 24.814 on Tuesday. The company’s 50-day moving average is €24.82 and its 200 day moving average is €24.86. Metro Ag has a 1-year low of €19.97 and a 1-year high of €26.00. The stock has a market capitalization of €8.51 billion and a PE ratio of 8.002.

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