Jefferies Financial Group Reiterates Buy Rating for Metro Bank (LON:MTRO)

Metro Bank (LON:MTRO)‘s stock had its “buy” rating reissued by research analysts at Jefferies Financial Group in a note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 297 ($3.88) target price on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 37.63% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. HSBC started coverage on shares of Metro Bank in a report on Tuesday. They issued a “hold” rating for the company. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Metro Bank in a report on Thursday, July 25th. Investec raised shares of Metro Bank to a “buy” rating in a report on Friday, June 28th. Goldman Sachs Group reduced their price target on shares of Metro Bank from GBX 800 ($10.45) to GBX 690 ($9.02) and set a “neutral” rating for the company in a report on Thursday, August 15th. Finally, Barclays reduced their price target on shares of Metro Bank from GBX 200 ($2.61) to GBX 150 ($1.96) and set an “underweight” rating for the company in a report on Thursday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 468.38 ($6.12).

Shares of Metro Bank stock opened at GBX 215.80 ($2.82) on Wednesday. Metro Bank has a fifty-two week low of GBX 155.20 ($2.03) and a fifty-two week high of GBX 2,596 ($33.92). The firm has a fifty day moving average price of GBX 229.78 and a two-hundred day moving average price of GBX 482.77. The company has a market cap of $349.32 million and a PE ratio of 18.44.

In other Metro Bank news, insider Vernon W. Hill acquired 100,000 shares of Metro Bank stock in a transaction dated Friday, August 16th. The stock was bought at an average cost of GBX 275 ($3.59) per share, with a total value of £275,000 ($359,336.21).

Metro Bank Company Profile

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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