Independent Research Analysts Give Metro (ETR:B4B3) a €15.20 Price Target

Metro (ETR:B4B3) has been assigned a €15.20 ($17.67) price target by analysts at Independent Research in a research note issued on Thursday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Independent Research’s price objective indicates a potential upside of 16.92% from the company’s previous close.

Several other brokerages also recently weighed in on B4B3. Sanford C. Bernstein set a €13.00 ($15.12) target price on Metro and gave the company a “neutral” rating in a research note on Thursday, October 31st. Berenberg Bank set a €14.40 ($16.74) price objective on shares of Metro and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Deutsche Bank set a €13.00 ($15.12) price objective on shares of Metro and gave the company a “sell” rating in a research note on Monday, October 14th. Bank of America set a €11.50 ($13.37) price objective on shares of Metro and gave the company a “sell” rating in a research note on Wednesday, October 9th. Finally, HSBC set a €16.00 ($18.60) price objective on shares of Metro and gave the company a “neutral” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of €14.33 ($16.66).

B4B3 stock opened at €13.00 ($15.12) on Thursday. The company has a debt-to-equity ratio of 160.71, a current ratio of 0.86 and a quick ratio of 0.27. The firm has a market capitalization of $38.98 million and a P/E ratio of -68.78. The business’s 50-day moving average is €12.91 and its two-hundred day moving average is €13.06. Metro has a 1 year low of €10.57 ($12.29) and a 1 year high of €14.88 ($17.30).

Metro Company Profile

Metro AG engages in the wholesale and food retail business. It operates 771 wholesale stores under the METRO and MAKRO brands primarily serving the needs of hotels, restaurants, catering companies, and independent retailers, as well as service providers and authorities. The company also develops digital solutions.

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Analyst Recommendations for Metro (ETR:B4B3)

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