Metro Bank PLC (MTRO) Receives GBX 3,025.56 Consensus Target Price from Analysts

Shares of Metro Bank PLC (LON:MTRO) have earned a consensus rating of “Sell” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 3,025.56 ($39.79).

MTRO has been the subject of several recent research reports. J P Morgan Chase & Co reissued an “underweight” rating and issued a GBX 2,600 ($34.20) price target on shares of Metro Bank PLC in a research note on Tuesday, September 19th. Numis Securities Ltd restated a “sell” rating and issued a GBX 2,000 ($26.31) target price on shares of Metro Bank PLC in a report on Wednesday, October 25th. Macquarie began coverage on Metro Bank PLC in a report on Wednesday, September 20th. They issued an “underperform” rating and a GBX 2,700 ($35.51) target price for the company. Jefferies Group LLC reduced their target price on Metro Bank PLC from GBX 4,500 ($59.19) to GBX 4,200 ($55.24) and set a “buy” rating for the company in a report on Thursday, October 19th. Finally, Citigroup Inc. restated a “sell” rating and issued a GBX 3,000 ($39.46) target price on shares of Metro Bank PLC in a report on Wednesday, August 23rd.

Shares of Metro Bank PLC (LON MTRO) traded down GBX 22 ($0.29) during midday trading on Monday, hitting GBX 3,428 ($45.09). The company had a trading volume of 104,480 shares, compared to its average volume of 116,266. Metro Bank PLC has a 1-year low of GBX 2,915 ($38.34) and a 1-year high of GBX 3,872 ($50.93).

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In other news, insider Lord Howard Flight sold 640 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of GBX 3,565 ($46.89), for a total transaction of £22,816 ($30,009.21). Also, insider Stuart Bernau sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of GBX 3,424 ($45.03), for a total value of £136,960 ($180,139.42). Over the last 90 days, insiders sold 19,640 shares of company stock valued at $66,002,600.

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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