Metro Bank PLC (LON:MTRO) has been assigned an average recommendation of “Sell” from the ten research firms that are covering the stock, MarketBeat reports. Seven analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 3,040.56 ($41.23).
Several research analysts recently commented on MTRO shares. Investec downgraded shares of Metro Bank to a “sell” rating and lifted their target price for the stock from GBX 3,575 ($48.48) to GBX 3,585 ($48.62) in a report on Thursday, January 11th. Berenberg Bank started coverage on shares of Metro Bank in a report on Wednesday, January 17th. They issued a “sell” rating and a GBX 3,000 ($40.68) target price on the stock. Numis Securities reiterated a “sell” rating and issued a GBX 2,000 ($27.12) target price on shares of Metro Bank in a report on Wednesday, October 25th. Citigroup upgraded shares of Metro Bank to a “neutral” rating in a report on Wednesday, January 10th. Finally, Jefferies Group dropped their target price on shares of Metro Bank from GBX 4,500 ($61.03) to GBX 4,200 ($56.96) and set a “buy” rating on the stock in a report on Thursday, October 19th.
Metro Bank (LON MTRO) traded down GBX 10 ($0.14) during mid-day trading on Friday, hitting GBX 3,682 ($49.93). 223,342 shares of the company traded hands, compared to its average volume of 89,129. Metro Bank has a 1-year low of GBX 3,162 ($42.88) and a 1-year high of GBX 3,872 ($52.51). The firm has a market cap of $3,270.00 and a price-to-earnings ratio of 92,050.00.
Metro Bank Company Profile
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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