Metro Bank (LON:MTRO) Sets New 1-Year High – What’s Next?

Metro Bank Holdings PLC (LON:MTRO – Get Free Report)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as GBX 181.60 and last traded at GBX 180.80, with a volume of 878180 shares. The stock had previously closed at GBX 175.60.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada raised shares of Metro Bank to an “outperform” rating and increased their target price for the company from GBX 170 to GBX 195 in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Metro Bank presently has an average rating of “Buy” and an average price target of GBX 195.

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Read Our Latest Analysis on MTRO

Metro Bank Stock Performance

The business has a 50-day moving average of GBX 164.58 and a 200-day moving average of GBX 141.32. The stock has a market capitalization of £1.21 billion, a price-to-earnings ratio of 23.34 and a beta of 1.08.

Metro Bank Company Profile

(Get Free Report)

Metro Bank Holdings PLC operates as the bank holding company for Metro Bank PLC that provides various banking products and services in the United Kingdom. It offers personal banking products and services, including current, cash, and foreign currency accounts; savings; residential and buy-to-let mortgages; overdrafts; credit cards; pet insurance; and safe deposit box services. The company also provides business banking products and services comprising business bank, commercial and community current, foreign currency, and insolvency practitioner accounts; deposit accounts, such as business and community instant access deposit, business notice, client premium and flexible client term deposit, and business and community fixed term deposit accounts; insurance products; and business and commercial loans and overdrafts, asset and invoice financing, bounce back loans, business credit cards, and recovery loan schemes services.

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