Metro (ETR:B4B3) Given a €11.00 Price Target by JPMorgan Chase & Co. Analysts

Metro (ETR:B4B3) has been given a €11.00 ($12.94) price target by JPMorgan Chase & Co. in a research note issued on Tuesday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 5.98% from the company’s previous close.

A number of other research analysts also recently commented on B4B3. Nord/LB set a €12.00 ($14.12) price target on Metro and gave the company a “buy” rating in a research note on Monday, June 7th. Baader Bank set a €12.00 ($14.12) price target on Metro in a research note on Thursday, August 5th. Warburg Research set a €9.00 ($10.59) target price on Metro in a research report on Wednesday, July 28th. Barclays set a €9.50 ($11.18) price target on shares of Metro in a research note on Friday, July 30th. Finally, Berenberg Bank set a €10.00 ($11.76) price objective on shares of Metro in a research report on Tuesday, August 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Metro presently has a consensus rating of “Hold” and an average price target of €9.81 ($11.54).

B4B3 opened at €11.70 ($13.76) on Tuesday. Metro has a fifty-two week low of €8.40 ($9.88) and a fifty-two week high of €13.00 ($15.29). The company has a debt-to-equity ratio of 267.43, a quick ratio of 0.39 and a current ratio of 0.78. The company has a market capitalization of $34.81 million and a P/E ratio of 39.86. The stock has a fifty day moving average of €11.40 and a 200-day moving average of €11.17.

About Metro

Metro AG engages in the food wholesale business. It operates 678 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 in Europe and Asia. The company also develops digital solutions and offers food delivery services.

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Analyst Recommendations for Metro (ETR:B4B3)

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