Metro Bank PLC (LON:MTRO)‘s stock had its “sell” rating reissued by Investec in a research note issued on Wednesday, July 26th. They presently have a GBX 3,450 ($45.51) price objective on the stock. Investec’s price target would indicate a potential downside of 5.66% from the company’s previous close.
A number of other equities research analysts also recently weighed in on MTRO. Goldman Sachs Group, Inc. (The) upped their target price on Metro Bank PLC from GBX 2,300 ($30.34) to GBX 2,380 ($31.39) and gave the stock a “sell” rating in a research report on Thursday, April 6th. Panmure Gordon reiterated a “sell” rating and set a GBX 2,700 ($35.62) price objective on shares of Metro Bank PLC in a research report on Wednesday, April 26th. Numis Securities Ltd reiterated a “sell” rating and set a GBX 2,000 ($26.38) price objective on shares of Metro Bank PLC in a research report on Wednesday, April 26th. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 3,750 ($49.47) price objective on shares of Metro Bank PLC in a research report on Wednesday, April 26th. Finally, J P Morgan Chase & Co reiterated an “underweight” rating and set a GBX 2,600 ($34.30) price objective on shares of Metro Bank PLC in a research report on Thursday, April 27th. Six equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Sell” and a consensus target price of GBX 2,904.29 ($38.31).
Metro Bank PLC (LON MTRO) traded up 0.05% during trading on Wednesday, reaching GBX 3657.00. The company’s stock had a trading volume of 54,844 shares. Metro Bank PLC has a 52 week low of GBX 1,845.00 and a 52 week high of GBX 3,872.00. The firm has a 50-day moving average price of GBX 3,630.51 and a 200-day moving average price of GBX 3,512.99. The firm’s market capitalization is GBX 2.94 billion.
TRADEMARK VIOLATION WARNING: “Metro Bank PLC’s (MTRO) Sell Rating Reaffirmed at Investec” was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://stocknewstimes.com/2017/08/05/metro-bank-plc-mtro-rating-reiterated-by-investec-updated.html.
In other Metro Bank PLC news, insider Monique Melis bought 700 shares of Metro Bank PLC stock in a transaction dated Wednesday, August 2nd. The stock was bought at an average price of GBX 36 ($0.47) per share, for a total transaction of £252 ($332.41).
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.
Receive News & Ratings for Metro Bank PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metro Bank PLC and related companies with MarketBeat.com's FREE daily email newsletter.
