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).
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?
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.