Metro Bank (MTRO) PT Lowered to GBX 600

Metro Bank (LON:MTRO) had its price target lowered by Berenberg Bank from GBX 1,200 ($15.68) to GBX 600 ($7.84) in a research report sent to investors on Wednesday, Digital Look reports. The firm currently has a hold rating on the stock.

Other analysts have also issued reports about the stock. Jefferies Financial Group restated a buy rating on shares of Metro Bank in a report on Tuesday, April 9th. Goldman Sachs Group lowered their price objective on shares of Metro Bank from GBX 1,700 ($22.21) to GBX 1,150 ($15.03) and set a neutral rating for the company in a report on Friday, March 1st. Royal Bank of Canada restated a sector performer rating and issued a GBX 3,000 ($39.20) price objective (down from GBX 4,000 ($52.27)) on shares of Metro Bank in a report on Friday, January 18th. Citigroup restated a sell rating and issued a GBX 480 ($6.27) price objective on shares of Metro Bank in a report on Monday. Finally, Barclays lowered their price objective on shares of Metro Bank from GBX 650 ($8.49) to GBX 600 ($7.84) and set an underweight rating for the company in a report on Thursday, May 2nd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of GBX 1,450 ($18.95).

MTRO traded down GBX 47.50 ($0.62) on Wednesday, hitting GBX 536.50 ($7.01). The company had a trading volume of 1,312,807 shares, compared to its average volume of 215,330. Metro Bank has a 52-week low of GBX 509 ($6.65) and a 52-week high of GBX 3,512 ($45.89). The firm has a market capitalization of $523.64 million and a PE ratio of 22.83.



In other news, insider Craig Donaldson purchased 11,100 shares of Metro Bank stock in a transaction that occurred on Friday, March 1st. The stock was bought at an average price of GBX 903 ($11.80) per share, with a total value of £100,233 ($130,972.17).

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.

Featured Story: Net Margin

Analyst Recommendations for Metro Bank (LON:MTRO)

Receive News & Ratings for Metro Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metro Bank and related companies with MarketBeat.com's FREE daily email newsletter.