Macquarie started coverage on shares of Metro Bank PLC (LON:MTRO) in a research note issued to investors on Wednesday morning. The firm issued an underperform rating and a GBX 2,700 ($36.40) price objective on the stock.
Several other brokerages also recently weighed in on MTRO. Goldman Sachs Group, Inc. (The) lifted their price target on shares of Metro Bank PLC from GBX 2,380 ($32.09) to GBX 2,480 ($33.44) and gave the company a sell rating in a report on Tuesday, May 23rd. Citigroup Inc. reaffirmed a sell rating and set a GBX 3,000 ($40.45) price target on shares of Metro Bank PLC in a report on Wednesday, August 23rd. Royal Bank Of Canada lifted their price target on shares of Metro Bank PLC from GBX 3,750 ($50.56) to GBX 4,000 ($53.93) and gave the company a sector perform rating in a report on Thursday, July 27th. J P Morgan Chase & Co reaffirmed an underweight rating and set a GBX 2,600 ($35.05) price target on shares of Metro Bank PLC in a report on Tuesday. Finally, Numis Securities Ltd reaffirmed a sell rating and set a GBX 2,000 ($26.97) price target on shares of Metro Bank PLC in a report on Monday, July 3rd. Seven investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. Metro Bank PLC currently has an average rating of Sell and an average price target of GBX 2,892.22 ($38.99).
Shares of Metro Bank PLC (LON:MTRO) opened at 3355.00 on Wednesday. The stock’s market capitalization is GBX 2.70 billion. Metro Bank PLC has a 1-year low of GBX 2,521.00 and a 1-year high of GBX 3,872.00. The firm has a 50-day moving average of GBX 3,479.73 and a 200 day moving average of GBX 3,524.08.
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In related news, insider Monique Melis bought 700 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were purchased at an average price of GBX 36 ($0.49) per share, with a total value of £252 ($339.76). Also, insider Stuart Bernau sold 4,000 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of GBX 3,424 ($46.16), for a total transaction of £136,960 ($184,656.87).
Metro Bank PLC 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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