Metro Bank PLC (MTRO) Receives Average Rating of “Sell” from Brokerages

Shares of Metro Bank PLC (LON:MTRO) have been assigned an average rating of “Sell” from the nine analysts that are currently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 2,892.22 ($38.99).

MTRO has been the subject of a number of research reports. Citigroup Inc. reissued a “sell” rating on shares of Metro Bank PLC in a research report on Friday, July 21st. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a GBX 2,580 ($34.78) price target on shares of Metro Bank PLC in a research report on Tuesday, June 6th. Numis Securities Ltd reissued a “sell” rating and set a GBX 2,000 ($26.97) price target on shares of Metro Bank PLC in a research report on Monday, July 3rd. Investec reissued a “sell” rating and set a GBX 3,450 ($46.51) price target on shares of Metro Bank PLC in a research report on Wednesday, July 26th. Finally, Royal Bank Of Canada boosted their price target on 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 research report on Thursday, July 27th.

Shares of Metro Bank PLC (LON MTRO) traded down 1.29% during mid-day trading on Friday, hitting GBX 3298.00. The company’s stock had a trading volume of 103,346 shares. The stock has a 50-day moving average of GBX 3,479.73 and a 200-day moving average of GBX 3,524.08. The company’s market cap is GBX 2.65 billion. Metro Bank PLC has a 12-month low of GBX 2,521.00 and a 12-month high of GBX 3,872.00.

In other news, insider Stuart Bernau sold 4,000 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of GBX 3,424 ($46.16), for a total value of £136,960 ($184,656.87). Also, insider Eugene Lockhart sold 15,000 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of GBX 3,335 ($44.96), for a total value of £500,250 ($674,464.07).

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About Metro Bank PLC

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 PLC (LON:MTRO)

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