Metro: Invest Securities still neutral
(CercleFinance.com) - The Parisian broker Invest Securities confirms its neutral rating on the Metro share, while reducing its target price from 15 euros to 13.
3 euros.
Analysts welcome the German retailer's strategy to refocus towards the HORECA sector (hotels, restaurants and cafes) and small traders, which limits its exposure to competition. The only problem is that this operation will have a heavily dilutive impact on earnings (...) and deprives the group of a quality real estate assets which accentuates the loss of operational leverage, the broker laments, which adds that the performance of the current financial year will be heavily sanctioned by this.
The market seems to agree - the share is currently down over 1.5% in early trading in Frankfurt.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
3 euros.
Analysts welcome the German retailer's strategy to refocus towards the HORECA sector (hotels, restaurants and cafes) and small traders, which limits its exposure to competition. The only problem is that this operation will have a heavily dilutive impact on earnings (...) and deprives the group of a quality real estate assets which accentuates the loss of operational leverage, the broker laments, which adds that the performance of the current financial year will be heavily sanctioned by this.
The market seems to agree - the share is currently down over 1.5% in early trading in Frankfurt.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.