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METRO (ETR:MEO) Upgraded by Analysts at Independent Research GmbH to Buy Rating with EUR 32.00 Target Price per Share

London METRO ETR:MEO

METRO (ETR:MEO) Rating Change

Independent Research GmbH gave Metro (ETR:MEO) shares a new Buy rating in a note sent to investors on 31 March. The broker now has EUR 32.00 price target on the stock. Independent Research GmbH’s target is 17.60 % from MEO’s last price.

Despite the firm’s rating upgrade ETR:MEO is currently trading -2.06% lower at EUR 26.67 as of 23:43 Frankfurt time. METRO’s stock is down -10.62% over the last 200 days. It has underperformed the S&P 500 Index, which has decreased -1.12% over the same time.

ETR:MEO Price Chart & Trend

The stock price of METRO dropped 10.62% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, METRO is up 4.47% and down 2.27%, respectively. Our stocks momentum model is shown on the price chart below. METRO (ETR:MEO) Upgraded by Analysts at Independent Research GmbH to Buy Rating with EUR 32.00 Target Price per Share

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 holding company and international retailing company. It operates numerous outlets in various countries in Europe, Africa and Asia. The Company operates a portfolio of sales brands, which offers a range of services for private and commercial customers.

METRO (ETR:MEO) traded down -2.06% on 31 March, hitting EUR 26.67. A total of 1.35 million shares of the company’s stock traded hands. This is down from average of 1.45 million shares. METRO has a 52 week low of EUR 21.70 and a 52 week high of EUR 34.81. The company has a market cap of 8.71 billion EUR and a P/E ratio of 0.

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

The post METRO (ETR:MEO) Upgraded by Analysts at Independent Research GmbH to Buy Rating with EUR 32.00 Target Price per Share appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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METRO (ETR:MEO) Upgraded by Analysts at Independent Research GmbH to Buy Rating with EUR 32.00 Target Price per Share

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