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).

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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