Metro (B4B3) PT Set at €12.50 by JPMorgan Chase & Co.

Metro (ETR:B4B3) received a €12.50 ($14.53) price target from JPMorgan Chase & Co. in a research note issued to investors on Tuesday. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 15.25% from the company’s previous close.

A number of other research firms also recently weighed in on B4B3. Baader Bank set a €13.00 ($15.12) target price on shares of Metro and gave the stock a “neutral” rating in a report on Tuesday. Sanford C. Bernstein set a €12.40 ($14.42) target price on shares of Metro and gave the stock a “neutral” rating in a report on Thursday, October 25th. Kepler Capital Markets set a €14.40 ($16.74) target price on shares of Metro and gave the stock a “neutral” rating in a report on Friday, December 7th. Commerzbank set a €15.00 ($17.44) target price on shares of Metro and gave the stock a “neutral” rating in a report on Monday, October 29th. Finally, Independent Research set a €13.00 ($15.12) target price on shares of Metro and gave the stock a “neutral” rating in a report on Friday, December 14th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of €13.59 ($15.81).

Shares of B4B3 stock opened at €14.75 ($17.15) on Tuesday. Metro has a 52 week low of €15.12 ($17.58) and a 52 week high of €19.70 ($22.91).

About Metro

Metro AG engages in the wholesale and food retail business. As of September 30, 2018, it operated through 769 stores network. The company operates its stores under the METRO/MAKRO Cash & Carry name in 35 countries primarily serving the needs of hotels, restaurants, and caterers, as well as independent traders.

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Analyst Recommendations for Metro (ETR:B4B3)

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