Jefferies Group set a €36.00 ($39.13) price objective on Metro Ag (ETR:MEO3) in a research note published on Thursday morning, MarketBeat.Com reports. The firm currently has a a buy rating on the stock.

MEO3 has been the subject of several other research reports. Independent Research GmbH set a €37.00 ($40.22) price target on Metro Ag and gave the stock a buy rating in a research report on Thursday, November 26th. Baader Bank set a €33.00 ($35.87) price target on Metro Ag and gave the stock a buy rating in a research report on Monday, December 7th. Bankhaus Lampe set a €35.00 ($38.04) price target on Metro Ag and gave the stock a buy rating in a research report on Tuesday, December 29th. Commerzbank AG set a €31.00 ($33.70) price target on Metro Ag and gave the stock a buy rating in a research report on Monday, November 30th. Finally, Sanford C. Bernstein set a €40.00 ($43.48) price target on Metro Ag and gave the stock a buy rating in a research report on Wednesday, November 25th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of €31.67 ($34.43).

Shares of Metro Ag (ETR:MEO3) opened at 22.751 on Thursday. The stock has a 50 day moving average price of €23.26 and a 200-day moving average price of €22.43. Metro Ag has a 52-week low of €19.65 and a 52-week high of €24.70.

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. The portfolio comprises Metro Cash & Carry brand, which is active in the self-service wholesale industry, Real hypermarkets brand, which operates the Real stores across Europe offering both food and non-food products; Media Markt brand, which is active on the European market in the consumer electronics retailing industry; Saturn brand, which operates consumer electronics stores, and Galeria Kaufhof brand, under which the Company operates department stores in Germany and Belgium. The Company is also engaged in the real estate operations (ETR:MEO3), logistics (Metro Logistics), Information Technology (Metro Systems) and advertising services.

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