Citigroup Reaffirms “Neutral” Rating for Metro Bank (MTRO)
Other analysts have also recently issued research reports about the stock. Berenberg Bank assumed coverage on shares of Metro Bank in a research note on Wednesday, January 17th. They issued a sell rating and a GBX 3,000 ($41.45) target price for the company. Jefferies Group reduced their target price on shares of Metro Bank from GBX 4,500 ($62.17) to GBX 4,200 ($58.03) and set a buy rating for the company in a research note on Thursday, October 19th. Investec cut shares of Metro Bank to a sell rating and raised their target price for the stock from GBX 3,575 ($49.39) to GBX 3,585 ($49.53) in a research note on Thursday, January 11th. Finally, Numis Securities restated a sell rating and issued a GBX 2,000 ($27.63) target price on shares of Metro Bank in a research note on Wednesday, October 25th. Seven research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Sell and an average target price of GBX 3,036.50 ($41.95).
Shares of Metro Bank (LON:MTRO) opened at GBX 3,496 ($48.30) on Monday. Metro Bank has a 52 week low of GBX 3,162 ($43.69) and a 52 week high of GBX 3,872 ($53.50). The company has a market cap of $3,100.00 and a price-to-earnings ratio of 87,400.00.
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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