Metro Bank (LON:MTRO) had its price objective reduced by Royal Bank of Canada from GBX 850 ($11.11) to GBX 740 ($9.67) in a report published on Thursday morning, Digital Look reports. They currently have a sector performer rating on the stock.
Several other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Metro Bank from GBX 1,300 ($16.99) to GBX 790 ($10.32) and set an underweight rating on the stock in a research note on Thursday, February 28th. Goldman Sachs Group reduced their target price on Metro Bank from GBX 1,700 ($22.21) to GBX 1,150 ($15.03) and set a neutral rating on the stock in a research note on Friday, March 1st. Barclays initiated coverage on Metro Bank in a research note on Thursday, March 28th. They set an underweight rating and a GBX 650 ($8.49) target price on the stock. Jefferies Financial Group reissued a buy rating on shares of Metro Bank in a research note on Tuesday, April 9th. Finally, Citigroup reissued a sell rating and set a GBX 480 ($6.27) target price on shares of Metro Bank in a research note on Monday, May 13th. Four analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of GBX 643.75 ($8.41).
Shares of Metro Bank stock opened at GBX 524.50 ($6.85) on Thursday. The company has a market capitalization of $904.34 million and a price-to-earnings ratio of 22.32. Metro Bank has a one year low of GBX 475 ($6.21) and a one year high of GBX 3,512 ($45.89).
About Metro Bank
Metro Bank PLC, together with its subsidiaries, provides retail and corporate banking services in the United Kingdom. The company offers personal banking products and services, including current and savings accounts; residential mortgages; credit cards and personal loans; and safe deposit box services.
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