Metro Bank (LON:MTRO) was upgraded by equities researchers at Macquarie to a “neutral” rating in a note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports.
Several other research firms also recently commented on MTRO. Barclays started coverage on shares of Metro Bank in a research report on Thursday, March 28th. They issued an “underweight” rating and a GBX 650 ($8.49) target price for the company. Investec cut shares of Metro Bank to a “sell” rating in a research note on Monday, May 20th. Morgan Stanley lowered their price target on shares of Metro Bank from GBX 830 ($10.85) to GBX 700 ($9.15) and set an “equal weight” rating on the stock in a report on Wednesday, June 5th. Goldman Sachs Group lowered their price target on shares of Metro Bank from GBX 1,150 ($15.03) to GBX 800 ($10.45) and set a “neutral” rating on the stock in a report on Thursday, May 23rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Metro Bank in a report on Tuesday, April 9th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 657.50 ($8.59).
Metro Bank stock opened at GBX 604.54 ($7.90) on Wednesday. The company has a market capitalization of $1.06 billion and a PE ratio of 25.72. Metro Bank has a fifty-two week low of GBX 475 ($6.21) and a fifty-two week high of GBX 3,512 ($45.89).
About Metro Bank
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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