Investor Relations

Analysts

METRO GROUP monitors 34 sell-side analysts' recommendations. The monitoring is updated quarterly (last update: 30/04/2013). cbi:///cms/344017

cbi:///cms/344018

Analyst	Broker	Recommendation	Price Target	As at
Volker Bosse	Baader Bank	Buy	30.00	12/02/2013
Christoph Schlienkamp	Bankhaus Lampe	Hold	22.50	17/10/2012
James Anstead	Barclays Capital	Equal-weight	23.00	30/11/2012
Peter Steiner	BHF	Market Weight	22.00	01/03/2013
Mike Dennis	Cantor Fitzgerald	Buy	30.30	31/10/2012
Jürgen Kolb	Cheuvreux	Underperform	22.00	30/11/2012
Alastair Johnson	Citi	Neutral	24.80	03/05/2013
Dr Jürgen Elfers	Commerzbank	Hold	25.90	24/05/2013
Xavier Le Mené	Credit Suisse	Underperform	21.00	18/01/2013
James Collins	Deutsche Bank	Hold	23.00	30/10/2012
Dr Norbert Kalliwoda	Dr Kalliwoda	Buy	30.50	16/08/2012
Herbert Sturm	DZ Bank	Hold	23.00	18/10/2012
Fabio Fazzari	Equita	Buy	40.00	23/10/2012
John Kershaw	Exane BNP Paribas	Underperform	21.00	16/01/2013
Frank Walding	Goldman Sachs	Not rated	-	-
Stephan Seip	Hammer Partners	Buy	32.00	18/10/2012
Jerome Samuel	HSBC	Underweight	18.00	23/04/2013
Zafar Rüzgar	Independent Research	Hold	27.00	03/05/2013
James Grzinic	Jefferies	Hold	24.00	17/10/2012
Jaime Vazquez	JPMorgan	Underweight	20.00	05/03/2013
Fabienne Caron	Kepler	Hold	20.00	30/11/2012
Barbara Ambrus	LBBW	Hold	22.00	18/10/2012
Sreedhar Mahamkali	Macquarie	Neutral	22.00	25/03/2013
Rickin Thakra	MainFirst	Outperform	26.00	03/12/2012
Justin Scarborough	Merrill Lynch	Buy	26.30	10/01/2013
Stefan Wimmer	Metzler	Sell	19.00	18/04/2013
Thilo Kleibauer	MM Warburg	Hold	23.00	03/12/2012
Edouard Aubin	Morgan Stanley	Over-weight	33.00	22/05/2013
Pierre-Edouard Boudot	Natixis Bleichroeder	Reduce	20.00	30/10/2012
Nick Coulter	Nomura	Neutral	23.00	01/03/2013
Launce Hofmann	Oddo	Reduce	21.00	01/03/2013
Marc de Speville	Redburn	Buy	22.10	02/11/2012
Tim Attenborough	Santander	Underweight	20.00	31/07/2012
Benjamin Peters	UBS	Buy	30.00	03/05/2013

cbi:///cms/345076

¹ Buy:
Accumulate, Add, Akkumulieren, Attractive, Buy, Kaufen, Marketoutperform, Outperform, Overweight, Recommended Stock cbi:///cms/344023

² Hold:
Equal-Weight, Halten, Hold In-Line, Marketperformer, Neutral cbi:///cms/344024

³ Sell:
Marketunderperform, Reduce, Reduzieren, Sell, Underperform, Unterdurchschnittlich, Underweight, Verkaufen cbi:///cms/344025

Disclaimer cbi:///cms/343449

Disclaimer ausblenden cbi:///cms/343450

Disclaimer cbi:///cms/343452

Regarding the source documents which underlie the provided information we refer to the homepage of the respective institution. Same applies for the place where the associated disclosure of circumstances or relationships that could produce conflicts of interest among the analyst or the responsible institution is published. Only the institutions mentioned are responsible for the content of the source documents which are the basis for the information provided. METRO AG does not assume any responsibility for the topicality, correctness, completeness or quality of the information provided. None of the estimates or information on this page is intended as an offer or encouragement to buy, hold or sell securities of METRO AG. Liability claims regarding damage caused by the use of any information provided, including any kind of information which is out of date, incorrect or incomplete, are excluded. Parts of the pages or the complete publication might be extended, changed or partly or completely deleted by METRO AG without separate announcement. cbi:///cms/343453