Independent Research Reiterates €15.00 Price Target for Metro AG Preference Shares (B4B3)

Metro AG Preference Shares (ETR:B4B3) has been assigned a €15.00 ($17.44) price target by stock analysts at Independent Research in a research note issued on Friday. The firm presently has a “neutral” rating on the stock. Independent Research’s price target would indicate a potential upside of 18.71% from the company’s current price.

Other analysts also recently issued research reports about the company. equinet set a €17.00 ($19.77) target price on Metro AG Preference Shares and gave the stock a “buy” rating in a research note on Thursday, July 12th. Warburg Research set a €13.00 ($15.12) target price on Metro AG Preference Shares and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Commerzbank set a €13.50 ($15.70) target price on Metro AG Preference Shares and gave the stock a “neutral” rating in a research note on Monday, July 2nd. Societe Generale set a €12.00 ($13.95) target price on Metro AG Preference Shares and gave the stock a “neutral” rating in a research note on Monday, June 11th. Finally, BNP Paribas set a €14.00 ($16.28) target price on Metro AG Preference Shares and gave the stock a “neutral” rating in a research note on Thursday, June 7th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of €13.30 ($15.47).

Shares of B4B3 opened at €12.64 ($14.69) on Friday. Metro AG Preference Shares has a 52 week low of €15.12 ($17.58) and a 52 week high of €19.70 ($22.91).

About Metro AG Preference Shares

Metro AG engages in the wholesale and food retail business. As of September 31, 2017, it operated 759 METRO Cash & Carry wholesale stores under the METRO and MAKRO brand names serving hotel and restaurant owners, catering firms, and independent retailers, as well as service providers and authorities in 25 European and Asian countries.

Read More: Average Daily Trade Volume Explained

Analyst Recommendations for Metro AG Preference Shares (ETR:B4B3)

Receive News & Ratings for Metro AG Preference Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metro AG Preference Shares and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply