Metro Bank (LON:MTRO) PT Lowered to GBX 150
Metro Bank (LON:MTRO) had its target price cut by analysts at Royal Bank of Canada from GBX 290 ($3.81) to GBX 150 ($1.97) in a note issued to investors on Tuesday, Stock Target Advisor reports. The brokerage presently has a “sector performer” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 81.05% from the company’s current price.
MTRO has been the subject of a number of other reports. Barclays reaffirmed an “underweight” rating on shares of Metro Bank in a research report on Tuesday, January 21st. JPMorgan Chase & Co. upped their price objective on shares of Metro Bank from GBX 140 ($1.84) to GBX 160 ($2.10) and gave the stock an “underweight” rating in a research report on Friday, January 17th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 379.67 ($4.99).
MTRO stock traded up GBX 4.75 ($0.06) during trading on Tuesday, reaching GBX 82.85 ($1.09). The stock had a trading volume of 1,350,257 shares, compared to its average volume of 215,330. Metro Bank has a one year low of GBX 69 ($0.91) and a one year high of GBX 896.50 ($11.79). The company’s 50 day moving average is GBX 175.87 and its two-hundred day moving average is GBX 206.24. The company has a market capitalization of $142.85 million and a price-to-earnings ratio of -0.67.
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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