METRO (ETR:MEO) Rating was Upgraded by Analysts at Commerzbank AG to a “Buy” Rating with EUR 37.50 Target

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London METRO ETR:MEO

METRO (ETR:MEO) Rating Upped

Commerzbank AG upgraded shares of METRO (ETR:MEO) to “Buy” rating in a research report revealed to investors on 13 October. The firm currently has a EUR 37.50 target on the stock. Commerzbank AG’s target would suggest a potential upside of 41.88 % from the stock’s close price.

Despite the firm’s rating upgrade ETR:MEO is currently trading -2.12% lower at EUR 26.57 as of 20:02 Frankfurt time. METRO’s stock is up 0.05% over the last 200 days. It has underperformed the S&P500 Index, which has added 2.61% over the same time period.

ETR:MEO Price Chart & Trend

The stock price of METRO has increased 0.05% over the last 200 days, and is in fragile up trend. In the last 50 and 100 days, METRO is up 0.26% and down 9.02%, respectively. Our stocks momentum model is shown on the price chart below. METRO (ETR:MEO) Rating was Upgraded by Analysts at Commerzbank AG to a "Buy" Rating with EUR 37.50 Target

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

MEO Stock Chart

METRO (ETR:MEO) Profile

Metro AG is a Germany-based company engaged in the self-service wholesale trade sector. The Company operates through three segments: METRO Cash & Carry, Media-Saturn and Real. The METRO Cash & Carry segment operates in the wholesale business for professional customers, such as hotels and restaurants, catering firms, independent retailers, service providers and public authorities, and comprises the brands METRO and MAKRO.

METRO (ETR:MEO) traded down -2.12% on 13 October, hitting EUR 26.57. A total of 816,666 shares of the company’s stock traded hands. This is down from average of 877,495 shares. METRO has a 52 week low of EUR 21.58 and a 52 week high of EUR 31.76. The company has a market cap of 8.68 billion EUR and a P/E ratio of 57.25.

Get the latest METRO (ETR:MEO) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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