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

Shares of Metro Bank Holdings PLC (LON:MTRO) reached a new 52-week high during trading on Thursday. The company traded as high as GBX 187.30 and last traded at GBX 187.30, with a volume of 691,437 shares changing hands. The stock had previously closed at GBX 179.20.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 190 target price on shares of Metro Bank in a report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, Metro Bank presently has a consensus rating of “Buy” and an average target price of GBX 190.

Metro Bank Stock Performance

The stock has a market capitalization of £1.25 billion, a PE ratio of 23.72 and a beta of 1.09. The firm has a 50 day moving average of GBX 168.85 and a 200-day moving average of GBX 153.24.

Insider Transactions at Metro Bank

In related news, insider Jaime Gilinski Bacal purchased 500,000 shares of Metro Bank stock in a transaction dated Wednesday, September 2nd. The stock was acquired at an average cost of GBX 172 per share, with a total value of £860,000. Also, insider Marc Page purchased 27,307 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were bought at an average price of GBX 183 per share, with a total value of £49,971.81. 55.67% of the stock is owned by corporate insiders.

Metro Bank Company Profile

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.