Metro Bancorp Inc. Reaches New 12-Month High at $22.66 (METR)
Metro Bancorp (NASDAQ:METR)’s share price reached a new 52-week high during trading hours on Friday, AR Network reports. The company traded as high as $22.66 and last traded at $22.65, with a volume of 22,589 shares traded. The stock had previously closed at $22.37.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Metro Bancorp from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, September 23rd. They now have a $24.30 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Metro Bancorp from $18.00 to $25.00 in a research note to investors on Wednesday, July 24th. They now have an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $40.26.
Metro Bancorp has a 52-week low of $11.69 and a 52-week high of $22.66. The stock has a 50-day moving average of $20.89 and a 200-day moving average of $19.90. The company has a market cap of $320.4 million and a P/E ratio of 24.21.
Metro Bancorp, Inc (NASDAQ:METR) is a bank holding company.
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