Metro Bank (MTRO) Stock Rating Upgraded by Citigroup

Citigroup upgraded shares of Metro Bank (LON:MTRO) to a neutral rating in a research report report published on Wednesday morning.

MTRO has been the topic of several other research reports. JPMorgan Chase & Co. reaffirmed an underweight rating and set a GBX 2,600 ($35.26) target price on shares of Metro Bank in a research note on Tuesday, September 19th. Jefferies Group lowered their target price on Metro Bank from GBX 4,500 ($61.03) to GBX 4,200 ($56.96) and set a buy rating on the stock in a research note on Thursday, October 19th. Macquarie began coverage on Metro Bank in a research note on Wednesday, September 20th. They set an underperform rating and a GBX 2,700 ($36.62) target price on the stock. Finally, Numis Securities reaffirmed a sell rating and set a GBX 2,000 ($27.12) target price on shares of Metro Bank in a research note on Wednesday, October 25th. Six analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of Sell and a consensus price target of GBX 3,040.56 ($41.23).

Metro Bank (LON MTRO) traded down GBX 8 ($0.11) during trading hours on Wednesday, reaching GBX 3,642 ($49.39). The company’s stock had a trading volume of 131,488 shares, compared to its average volume of 99,784. Metro Bank has a 52 week low of GBX 3,075 ($41.70) and a 52 week high of GBX 3,872 ($52.51). The stock has a market cap of $3,220.00 and a PE ratio of 91,050.00.

In related news, insider Lord Howard Flight sold 640 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of GBX 3,565 ($48.35), for a total value of £22,816 ($30,941.14).

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About Metro Bank

Metro Bank PLC (the Bank) is a deposit-taking and lending institution. The Bank’s principal activities include provision of banking and related services. It is focused on retail and small and medium size commercial customers. It offers personal and business banking services. Its everyday banking products include current accounts, and cash management and payments.

Analyst Recommendations for Metro Bank (LON:MTRO)

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