Goldman Sachs Group Cuts Metro Bank (MTRO) Price Target to GBX 800
Metro Bank (LON:MTRO) had its price target cut by Goldman Sachs Group from GBX 1,150 ($15.03) to GBX 800 ($10.45) in a research report released on Thursday morning, ThisIsMoney.Co.Uk reports. They currently have a neutral rating on the stock.
Several other analysts have also recently issued reports on the stock. Investec cut shares of Metro Bank to a sell rating in a research note on Monday. JPMorgan Chase & Co. lowered their price objective on shares of Metro Bank from GBX 720 ($9.41) to GBX 460 ($6.01) and set an underweight rating for the company in a research note on Friday, May 17th. Berenberg Bank lowered their price objective on shares of Metro Bank from GBX 1,200 ($15.68) to GBX 600 ($7.84) and set a hold rating for the company in a research note on Wednesday, May 15th. Citigroup reissued a sell rating and set a GBX 480 ($6.27) price objective on shares of Metro Bank in a research note on Monday, May 13th. Finally, Barclays lowered their price objective on shares of Metro Bank from GBX 650 ($8.49) to GBX 600 ($7.84) and set an underweight rating for the company in a research note on Thursday, May 2nd. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Metro Bank currently has an average rating of Hold and an average price target of GBX 1,362.86 ($17.81).
Shares of LON MTRO traded down GBX 25.45 ($0.33) during trading on Thursday, hitting GBX 746.55 ($9.75). 423,092 shares of the company traded hands, compared to its average volume of 215,330. Metro Bank has a 1 year low of GBX 475 ($6.21) and a 1 year high of GBX 3,512 ($45.89). The stock has a market capitalization of $727.29 million and a PE ratio of 31.77.
Metro Bank Company Profile
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.
See Also: Asset Allocation
Receive News & Ratings for Metro Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metro Bank and related companies with MarketBeat.com's FREE daily email newsletter.