Insider Buying: Metro Bank (LON:MTRO) Insider Purchases £860,000 in Stock

Metro Bank Holdings PLC (LON:MTRO) insider Jaime Gilinski Bacal purchased 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was bought at an average cost of GBX 172 per share, with a total value of £860,000.

Metro Bank Price Performance

Shares of MTRO opened at GBX 178.40 on Friday. Metro Bank Holdings PLC has a one year low of GBX 98.30 and a one year high of GBX 186.40. The company has a 50-day simple moving average of GBX 173.21 and a two-hundred day simple moving average of GBX 151.75. The firm has a market capitalization of £1.20 billion, a PE ratio of 23.17 and a beta of 1.08.

Analyst Ratings Changes

Separately, Royal Bank Of Canada restated an “outperform” rating and set a GBX 190 target price on shares of Metro Bank in a research report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Metro Bank presently has a consensus rating of “Buy” and an average price target of GBX 190.

Metro Bank Company Profile

Metro Bank Holdings PLC operates as the bank holding company for Metro Bank PLC that provides various banking products and services in the United Kingdom. It offers personal banking products and services, including current, cash, and foreign currency accounts; savings; residential and buy-to-let mortgages; overdrafts; credit cards; pet insurance; and safe deposit box services. The company also provides business banking products and services comprising business bank, commercial and community current, foreign currency, and insolvency practitioner accounts; deposit accounts, such as business and community instant access deposit, business notice, client premium and flexible client term deposit, and business and community fixed term deposit accounts; insurance products; and business and commercial loans and overdrafts, asset and invoice financing, bounce back loans, business credit cards, and recovery loan schemes services.