Metro Bank (LON:MTRO) Given New GBX 500 Price Target at Barclays

Metro Bank (LON:MTRO) had its price objective reduced by Barclays from GBX 600 ($7.84) to GBX 500 ($6.53) in a report released on Wednesday, ThisIsMoney.Co.Uk reports. They currently have an underweight rating on the stock.

A number of other research analysts have also recently issued reports on the company. Macquarie upgraded Metro Bank from an underperform rating to a neutral rating in a research note on Wednesday, June 12th. Royal Bank of Canada lowered their price objective on from GBX 80 ($1.05) to GBX 75 ($0.98) and set an outperform rating for the company in a research note on Thursday, June 20th. Investec cut Standard Chartered to a sell rating in a research note on Friday, June 28th. JPMorgan Chase & Co. set a $195.00 price objective on bluebird bio and gave the company a buy rating in a research note on Friday, May 17th. Finally, Berenberg Bank reiterated a buy rating and set a GBX 150 ($1.96) price objective on shares of Tharisa in a research note on Wednesday, May 15th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of GBX 631.25 ($8.25).

Shares of LON:MTRO opened at GBX 472.20 ($6.17) on Wednesday. The company’s fifty day moving average is GBX 559.58. The stock has a market capitalization of $814.17 million and a PE ratio of 20.09. Metro Bank has a 12-month low of GBX 475 ($6.21) and a 12-month high of GBX 3,512 ($45.89).

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: What is Cost of Debt?

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's FREE daily email newsletter.