Metro Bank (LON:MTRO) was downgraded by equities researchers at Investec to a “sell” rating in a research report issued to clients and investors on Thursday, January 11th. They currently have a GBX 3,585 ($50.27) price objective on the stock, up from their previous price objective of GBX 3,575 ($50.13). Investec’s price objective suggests a potential upside of 3.25% from the stock’s current price.
Other equities analysts have also issued reports about the company. Jefferies Group decreased their target price on Metro Bank from GBX 4,500 ($63.10) to GBX 4,200 ($58.89) and set a “buy” rating for the company in a research report on Thursday, October 19th. Citigroup upgraded Metro Bank to a “neutral” rating in a research report on Wednesday, January 10th. Numis Securities restated a “sell” rating and set a GBX 2,000 ($28.04) target price on shares of Metro Bank in a research report on Wednesday, October 25th. Macquarie initiated coverage on Metro Bank in a research report on Wednesday, September 20th. They set an “underperform” rating and a GBX 2,700 ($37.86) target price for the company. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 2,600 ($36.46) price objective on shares of Metro Bank in a report on Tuesday, September 19th. Seven investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Sell” and an average price target of GBX 3,036.50 ($42.58).
Shares of Metro Bank (LON:MTRO) opened at GBX 3,472 ($48.68) on Thursday. The company has a market cap of $3,160.00 and a PE ratio of 86,800.00. Metro Bank has a 52 week low of GBX 3,162 ($44.34) and a 52 week high of GBX 3,872 ($54.29).
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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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