Metro Bank (LON:MTRO) Given “Neutral” Rating at Citigroup

Metro Bank (LON:MTRO)‘s stock had its “neutral” rating reaffirmed by equities researchers at Citigroup in a report issued on Monday, February 26th. They currently have a GBX 3,900 ($53.88) price objective on the stock. Citigroup’s target price would suggest a potential downside of 2.50% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Berenberg Bank initiated coverage on Metro Bank in a research note on Wednesday, January 17th. They issued a “sell” rating and a GBX 3,000 ($41.45) price target on the stock. Investec cut Metro Bank to a “sell” rating and raised their price target for the company from GBX 3,575 ($49.39) to GBX 3,585 ($49.53) in a report on Thursday, January 11th. Seven investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Sell” and an average target price of GBX 3,126.50 ($43.20).

Shares of Metro Bank (LON MTRO) traded down GBX 12 ($0.17) during trading hours on Monday, hitting GBX 4,000 ($55.26). The stock had a trading volume of 112,690 shares, compared to its average volume of 215,086. Metro Bank has a 12-month low of GBX 3,162 ($43.69) and a 12-month high of GBX 4,054 ($56.01). The company has a market cap of $3,540.00 and a price-to-earnings ratio of 33,333.33.

In other Metro Bank news, insider Craig Donaldson sold 63,000 shares of the company’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of GBX 4,017 ($55.50), for a total value of £2,530,710 ($3,496,421.66).

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Metro Bank 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.

Analyst Recommendations for Metro Bank (LON:MTRO)

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