Metro Bank PLC (MTRO) Given Sell Rating at Citigroup Inc.
Citigroup Inc. reaffirmed their sell rating on shares of Metro Bank PLC (LON:MTRO) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a GBX 3,000 ($38.95) price objective on the stock.
MTRO has been the subject of a number of other research reports. Royal Bank Of Canada reaffirmed a sector perform rating and set a GBX 3,750 ($48.68) price target on shares of Metro Bank PLC in a research report on Wednesday, April 26th. J P Morgan Chase & Co reaffirmed an underweight rating and set a GBX 2,600 ($33.75) price target on shares of Metro Bank PLC in a research report on Thursday, April 27th. Panmure Gordon reaffirmed a sell rating and set a GBX 2,700 ($35.05) price target on shares of Metro Bank PLC in a research report on Wednesday, April 26th. Numis Securities Ltd reaffirmed a sell rating and set a GBX 2,000 ($25.96) price target on shares of Metro Bank PLC in a research report on Wednesday, July 26th. Finally, Goldman Sachs Group, Inc. (The) lifted their price target on Metro Bank PLC from GBX 2,380 ($30.90) to GBX 2,480 ($32.20) and gave the stock a sell rating in a research report on Tuesday, May 23rd. Six investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of Sell and an average price target of GBX 2,916.25 ($37.86).
Metro Bank PLC (MTRO) opened at 3490.00 on Wednesday. Metro Bank PLC has a one year low of GBX 2,350.00 and a one year high of GBX 3,872.00. The company’s 50-day moving average is GBX 3,570.62 and its 200-day moving average is GBX 3,541.79. The firm’s market capitalization is GBX 2.81 billion.
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In related news, insider Monique Melis acquired 700 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was acquired at an average price of GBX 36 ($0.47) per share, with a total value of £252 ($327.15).
About Metro Bank PLC
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.
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