Metro Bank PLC (LON:MTRO) Receives GBX 141 Average Target Price from Analysts

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Metro Bank PLC (LON:MTRO) has been assigned an average rating of “Hold” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 141 ($1.84).

MTRO has been the topic of several research reports. Morgan Stanley reaffirmed an “underweight” rating and issued a GBX 100 ($1.31) target price on shares of Metro Bank in a research report on Monday, August 10th. Barclays reaffirmed an “underweight” rating on shares of Metro Bank in a research report on Monday, July 20th. Finally, Investec raised Metro Bank to a “buy” rating and dropped their target price for the stock from GBX 100 ($1.31) to GBX 90 ($1.18) in a research report on Thursday, May 14th.

MTRO stock traded up GBX 0.40 ($0.01) during mid-day trading on Tuesday, hitting GBX 95.02 ($1.24). The stock had a trading volume of 550,731 shares, compared to its average volume of 215,330. Metro Bank has a 1-year low of GBX 66.30 ($0.87) and a 1-year high of GBX 319 ($4.17). The company has a fifty day moving average of GBX 105.72 and a 200 day moving average of GBX 109.49. The stock has a market capitalization of $163.83 million and a price-to-earnings ratio of -0.39.

In related news, insider Ian Henderson acquired 15,000 shares of the stock in a transaction dated Monday, August 10th. The shares were acquired at an average price of GBX 104 ($1.36) per share, with a total value of £15,600 ($20,384.16). Also, insider Daniel Frumkin acquired 500,000 shares of the stock in a transaction dated Thursday, July 2nd. The shares were bought at an average cost of GBX 114 ($1.49) per share, for a total transaction of £570,000 ($744,805.96).

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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Analyst Recommendations for Metro Bank (LON:MTRO)

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