Berenberg Bank upgraded shares of Metro Bank (LON:MTRO) to a hold rating in a research report report published on Friday morning. They currently have GBX 1,200 ($15.68) price target on the stock, down from their prior price target of GBX 2,500 ($32.67).
A number of other research firms have also recently commented on MTRO. JPMorgan Chase & Co. lowered their target price on Metro Bank from GBX 2,600 ($33.97) to GBX 2,200 ($28.75) and set an underweight rating on the stock in a research note on Thursday, October 25th. Royal Bank of Canada reiterated a sector performer rating and set a GBX 3,000 ($39.20) target price (down from GBX 4,000 ($52.27)) on shares of Metro Bank in a research note on Friday, January 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 2,700 ($35.28).
LON MTRO opened at GBX 1,354 ($17.69) on Friday. Metro Bank has a one year low of GBX 3,162 ($41.32) and a one year high of GBX 4,056 ($53.00).
Metro Bank PLC, together with its subsidiaries, provides retail and corporate banking services in the United Kingdom. The company offers personal banking products and services, including current and savings accounts; residential mortgages; credit cards and personal loans; and safe deposit box services.
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