Metro Bank PLC (MTRO) Earns Sell Rating from Numis Securities Ltd

Numis Securities Ltd reiterated their sell rating on shares of Metro Bank PLC (LON:MTRO) in a report published on Wednesday. They currently have a GBX 2,000 ($26.39) price objective on the stock.

A number of other equities research analysts also recently issued reports on MTRO. Citigroup Inc. reissued a sell rating and set a GBX 3,000 ($39.59) price target on shares of Metro Bank PLC in a research report on Wednesday, August 23rd. Macquarie assumed coverage on Metro Bank PLC in a research report on Wednesday, September 20th. They set an underperform rating and a GBX 2,700 ($35.63) price target on the stock. Jefferies Group LLC reduced their price target on Metro Bank PLC from GBX 4,500 ($59.38) to GBX 4,200 ($55.42) and set a buy rating on the stock in a research report on Thursday, October 19th. Royal Bank Of Canada increased their price target on Metro Bank PLC from GBX 3,750 ($49.49) to GBX 4,000 ($52.78) and gave the stock a sector perform rating in a research report on Thursday, July 27th. Finally, Investec reaffirmed a sell rating and issued a GBX 3,450 ($45.53) target price on shares of Metro Bank PLC in a report on Wednesday, July 26th. Seven research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of Sell and an average price target of GBX 3,025.56 ($39.93).



Shares of Metro Bank PLC (LON MTRO) opened at 3509.00 on Wednesday. The firm’s market cap is GBX 2.82 billion. The company has a 50-day moving average price of GBX 3,439.38 and a 200 day moving average price of GBX 3,546.85. Metro Bank PLC has a 52 week low of GBX 2,618.00 and a 52 week high of GBX 3,872.00.

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In other Metro Bank PLC news, insider Monique Melis bought 700 shares of Metro Bank PLC stock in a transaction on Wednesday, August 2nd. The shares were purchased at an average price of GBX 36 ($0.48) per share, with a total value of £252 ($332.54). Also, insider Eugene Lockhart sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of GBX 3,335 ($44.01), for a total value of £500,250 ($660,134.60). In the last ninety days, insiders sold 19,640 shares of company stock worth $66,002,600.

About Metro Bank PLC

Metro Bank PLC (the Bank) is a deposit-taking and lending institution. The Bank’s principal activities include provision of banking and related services. It is focused on retail and small and medium size commercial customers. It offers personal and business banking services. Its everyday banking products include current accounts, and cash management and payments.

Analyst Recommendations for Metro Bank PLC (LON:MTRO)

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