Insider Buying: Metro Bank PLC (LON:MTRO) Insider Buys £275,000 in Stock
Metro Bank PLC (LON:MTRO) insider Vernon W. Hill purchased 100,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average price of GBX 275 ($3.59) per share, for a total transaction of £275,000 ($359,336.21).
Shares of LON:MTRO opened at GBX 274.40 ($3.59) on Thursday. The stock has a fifty day simple moving average of GBX 402.50 and a two-hundred day simple moving average of GBX 722.77. The stock has a market capitalization of $473.12 million and a price-to-earnings ratio of 23.45. Metro Bank PLC has a 12-month low of GBX 265.60 ($3.47) and a 12-month high of GBX 3,086 ($40.32).
A number of research analysts have issued reports on MTRO shares. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Metro Bank in a research note on Thursday, July 25th. Berenberg Bank lowered their price objective on 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. Macquarie upgraded Metro Bank to a “neutral” rating in a research note on Wednesday, June 12th. Citigroup reiterated 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, Royal Bank of Canada lowered their price objective on Metro Bank from GBX 850 ($11.11) to GBX 740 ($9.67) and set a “sector performer” rating for the company in a research note on Thursday, June 20th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Metro Bank has an average rating of “Hold” and a consensus target price of GBX 611.25 ($7.99).
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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