Analysts’ recommendations

METRO’s share price recovered strongly in financial year 2020/21 after the government restrictions related to the Covid-19 pandemic were lifted as well as due to the development of some countries above market levels. The share price recovery was supported by a continuous and significant increase in analysts’ target prices. 15 analysts regularly evaluated the METRO share in financial year 2020/21 and published their reports. 3 analysts recommend buying the METRO share; 10 analysts rate the METRO share as neutral in the medium to long term; 2 analysts recommend selling the share. The median value of share price targets, which usually only represent a short-term perspective for the next 6 to 12 months, was €10.40 at the end of September 2021 (end of September 2020: €8.25).

Grade

Bank

Registered office

Share price target (€)

Buy

Baader Bank

Munich

12.00

AlsterResearch

Hamburg

16.20

Invest Securities

Paris

12.80

Hold

Barclays

London

10.50

Berenberg

London

10.00

DZ Bank

Frankfurt

11.40

HSBC

London

10.00

Independent Research

Frankfurt

11.50

Jefferies

London

8.50

LBBW

Stuttgart

10.50

M.M.Warburg

Hamburg

9.00

Société Générale

Paris

10.40

J.P. Morgan

London

11.00

Sell

Exane

London

7.00

BofA

London

9.70

HoReCa
Short for hotel, restaurant and catering businesses. The HoReCa segment is an important customer group for METRO.
Glossary