Metro Bank PLC (MTRO) PT Lowered to GBX 4,200 at Jefferies Group LLC
Metro Bank PLC (LON:MTRO) had its price objective dropped by equities researchers at Jefferies Group LLC from GBX 4,500 ($59.79) to GBX 4,200 ($55.81) in a research note issued to investors on Thursday, Marketbeat reports. The firm currently has a “buy” rating on the stock. Jefferies Group LLC’s target price indicates a potential upside of 16.02% from the stock’s current price.
A number of other brokerages have also issued reports on MTRO. Royal Bank Of Canada lifted their target price on shares of Metro Bank PLC from GBX 3,750 ($49.83) to GBX 4,000 ($53.15) and gave the company a “sector perform” rating in a research note on Thursday, July 27th. Numis Securities Ltd reissued a “sell” rating and set a GBX 2,000 ($26.57) target price on shares of Metro Bank PLC in a research note on Monday, July 3rd. Citigroup Inc. reissued a “sell” rating on shares of Metro Bank PLC in a research note on Friday, July 21st. Macquarie began coverage on shares of Metro Bank PLC in a research note on Wednesday, September 20th. They set an “underperform” rating and a GBX 2,700 ($35.88) target price for the company. Finally, Investec reissued a “sell” rating and set a GBX 3,450 ($45.84) target price on shares of Metro Bank PLC in a research note on Wednesday, July 26th. Seven research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Sell” and a consensus price target of GBX 3,025.56 ($40.20).
Metro Bank PLC (LON:MTRO) traded up 2.09% during mid-day trading on Thursday, hitting GBX 3620.00. The stock had a trading volume of 192,167 shares. The stock’s market cap is GBX 2.91 billion. The firm’s 50-day moving average is GBX 3,415.70 and its 200 day moving average is GBX 3,540.19. Metro Bank PLC has a one year low of GBX 2,618.00 and a one year high of GBX 3,872.00.
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In other news, insider Stuart Bernau sold 4,000 shares of the firm’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of GBX 3,424 ($45.50), for a total transaction of £136,960 ($181,982.46). Also, insider Eugene Lockhart sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of GBX 3,335 ($44.31), for a total transaction of £500,250 ($664,695.72).
About Metro Bank PLC
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.
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