Brokerages Set Metro Bank PLC (LON:MTRO) Price Target at GBX 573.33

Shares of Metro Bank PLC (LON:MTRO) have been given an average recommendation of “Hold” by the ten ratings firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 573.33 ($7.49).

A number of research analysts recently weighed in on MTRO shares. Jefferies Financial Group restated a “buy” rating on shares of Metro Bank in a research report on Monday, July 1st. Goldman Sachs Group lowered their price objective on shares of Metro Bank from GBX 800 ($10.45) to GBX 690 ($9.02) and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Macquarie upgraded shares of Metro Bank to a “neutral” rating in a research report on Wednesday, June 12th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Metro Bank in a research report on Thursday, July 25th. Finally, Royal Bank of Canada lowered their price objective on shares of Metro Bank from GBX 710 ($9.28) to GBX 520 ($6.79) and set a “sector performer” rating on the stock in a research report on Thursday, August 29th.

Shares of LON MTRO traded down GBX 5.20 ($0.07) during midday trading on Tuesday, hitting GBX 287.20 ($3.75). The stock had a trading volume of 7,564,375 shares, compared to its average volume of 215,330. The business’s 50 day moving average is GBX 297.08 and its 200-day moving average is GBX 595.87. The company has a market cap of $495.19 million and a P/E ratio of 24.55. Metro Bank has a 52 week low of GBX 247.45 ($3.23) and a 52 week high of GBX 3,066 ($40.06).

In related news, insider Vernon W. Hill bought 100,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was bought at an average cost of GBX 275 ($3.59) per share, with a total value of £275,000 ($359,336.21). Also, insider Craig Donaldson bought 12,900 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were bought at an average cost of GBX 384 ($5.02) per share, with a total value of £49,536 ($64,727.56).

Metro Bank Company Profile

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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Analyst Recommendations for Metro Bank (LON:MTRO)



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