Metro Bank (LON:MTRO) was upgraded by research analysts at Citigroup to a “neutral” rating in a report issued on Wednesday.
Several other research firms have also weighed in on MTRO. Numis Securities restated a “sell” rating and set a GBX 2,000 ($27.12) price objective on shares of Metro Bank in a research report on Wednesday, October 25th. Macquarie initiated coverage on shares of Metro Bank in a research report on Wednesday, September 20th. They set an “underperform” rating and a GBX 2,700 ($36.62) price objective for the company. Jefferies Group reduced their price objective on shares of Metro Bank from GBX 4,500 ($61.03) to GBX 4,200 ($56.96) and set a “buy” rating for the company in a research report on Thursday, October 19th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 2,600 ($35.26) price objective on shares of Metro Bank in a research report on Tuesday, September 19th. Six equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Sell” and an average target price of GBX 3,040.56 ($41.23).
Metro Bank (MTRO) traded down GBX 8 ($0.11) during trading hours on Wednesday, hitting GBX 3,642 ($49.39). 131,488 shares of the stock traded hands, compared to its average volume of 99,784. Metro Bank has a one year low of GBX 3,075 ($41.70) and a one year high of GBX 3,872 ($52.51). The company has a market cap of $3,220.00 and a price-to-earnings ratio of 91,050.00.
In other Metro Bank news, insider Lord Howard Flight sold 640 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of GBX 3,565 ($48.35), for a total value of £22,816 ($30,941.14).
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Metro Bank Company Profile
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.
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