Metro Bank (MTRO) PT Lowered to GBX 2,200

Metro Bank (LON:MTRO) had its price target lowered by JPMorgan Chase & Co. from GBX 2,600 ($33.97) to GBX 2,200 ($28.75) in a research note published on Thursday. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group lowered their price objective on Metro Bank from GBX 4,400 ($57.49) to GBX 3,600 ($47.04) and set a buy rating on the stock in a research report on Tuesday, September 4th. Berenberg Bank lowered their price objective on Metro Bank from GBX 3,000 ($39.20) to GBX 2,500 ($32.67) and set a sell rating on the stock in a research report on Wednesday, August 29th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 3,264.17 ($42.65).

Shares of MTRO stock opened at GBX 2,076 ($27.13) on Thursday. Metro Bank has a 52-week low of GBX 3,162 ($41.32) and a 52-week high of GBX 4,056 ($53.00).



In other news, insider Vernon W. Hill purchased 20,000 shares of the stock in a transaction on Monday, September 10th. The shares were acquired at an average price of GBX 2,733 ($35.71) per share, for a total transaction of £546,600 ($714,229.71). Also, insider David Arden purchased 3,400 shares of the stock in a transaction on Tuesday, September 18th. The shares were purchased at an average price of GBX 2,894 ($37.82) per share, for a total transaction of £98,396 ($128,571.80). Insiders have acquired 25,200 shares of company stock worth $69,510,800 in the last 90 days.

About Metro Bank

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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Analyst Recommendations for Metro Bank (LON:MTRO)

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