Analysts’ recommendations

18 analysts from respected domestic and international banks have started tracking and evaluating METRO AG shortly after trading in the company’s shares commenced. METRO AG publishes their recommendations and target share prices in the Investor Relations section at www.metroag.de/en/investors. At the end of financial year 2016/17, 61% of analysts issued “buy” recommendations for the METRO share, while 39% ranked them as “hold”. Not a single analyst made a “sell” recommendation. The median value of share price targets was €20.20 at the end of September 2017.

Grade

 

Bank

 

Registered office

 

Share price target (€)

Buy

 

 

 

 

 

 

 

 

Barclays

 

London

 

23.00

 

 

BAML

 

London

 

22.50

 

 

Commerzbank

 

Frankfurt

 

22.00

 

 

DZ Bank

 

Frankfurt

 

22.20

 

 

equinet

 

Frankfurt

 

29.00

 

 

Independent Research

 

Frankfurt

 

20.00

 

 

Kepler Chevreux

 

Frankfurt

 

20.20

 

 

Oddo

 

Paris

 

20.00

 

 

Raymond James

 

London

 

21.00

 

 

Solventis

 

Mainz

 

32.00

 

 

Warburg Research

 

Hamburg

 

23.80

Hold

 

 

 

 

 

 

 

 

Bernstein

 

London

 

17.10

 

 

Deutsche Bank

 

London

 

16.50

 

 

Exane

 

London

 

18.50

 

 

HSBC

 

London

 

18.50

 

 

Jefferies

 

London

 

17.30

 

 

J.P. Morgan

 

London

 

19.00

 

 

Morgan Stanley

 

London

 

18.00