Berenberg Bank initiated coverage on shares of Metro Bank (LON:MTRO) in a research report report published on Wednesday, January 17th. The firm issued a sell rating and a GBX 3,000 ($42.06) target price on the stock.
Other equities analysts have also issued research reports about the stock. Jefferies Group dropped their target price on shares of 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 shares of Metro Bank to a neutral rating in a research report on Wednesday, January 10th. Investec lowered shares of Metro Bank to a sell rating and increased their price objective for the company from GBX 3,575 ($50.13) to GBX 3,585 ($50.27) in a research report on Thursday, January 11th. Numis Securities reiterated a sell rating and set a GBX 2,000 ($28.04) price objective on shares of Metro Bank in a research report on Wednesday, October 25th. Finally, Macquarie started coverage on shares of Metro Bank in a research report on Wednesday, September 20th. They set an underperform rating and a GBX 2,700 ($37.86) price objective for the company. Seven investment 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. Metro Bank currently has a consensus rating of Sell and an average price target of GBX 3,036.50 ($42.58).
Shares of Metro Bank (MTRO) traded up GBX 38 ($0.53) during trading hours on Wednesday, hitting GBX 3,488 ($48.91). 193,805 shares of the company were exchanged, compared to its average volume of 115,185. Metro Bank has a 12-month low of GBX 3,162 ($44.34) and a 12-month high of GBX 3,872 ($54.29). The company has a market capitalization of $3,090.00 and a price-to-earnings ratio of 87,200.00.
WARNING: “Berenberg Bank Begins Coverage on Metro Bank (MTRO)” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/11/metro-bank-mtro-research-coverage-started-at-berenberg-bank.html.
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.
Receive News & Ratings for Metro Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metro Bank and related companies with MarketBeat.com's FREE daily email newsletter.