Metro Bank PLC (MTRO) Given Consensus Rating of “Sell” by Analysts
Shares of Metro Bank PLC (LON:MTRO) have been assigned a consensus rating of “Sell” from the nine analysts that are covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 3,025.56 ($39.79).
Several equities analysts have recently issued reports on the stock. Numis Securities Ltd reiterated a “sell” rating and set a GBX 2,000 ($26.31) target price on shares of Metro Bank PLC in a report on Wednesday, July 26th. Investec reiterated a “sell” rating and set a GBX 3,450 ($45.38) target price on shares of Metro Bank PLC in a report on Wednesday, July 26th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a GBX 2,580 ($33.93) target price on shares of Metro Bank PLC in a report on Wednesday, July 26th. J P Morgan Chase & Co reiterated an “underweight” rating and set a GBX 2,600 ($34.20) target price on shares of Metro Bank PLC in a report on Tuesday, September 19th. Finally, Citigroup Inc. reiterated a “sell” rating on shares of Metro Bank PLC in a report on Friday, July 21st.
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In related news, insider Stuart Bernau sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of GBX 3,424 ($45.03), for a total value of £136,960 ($180,139.42). Also, 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 ($46.89), for a total transaction of £22,816 ($30,009.21). Over the last 90 days, insiders sold 19,640 shares of company stock valued at $66,002,600.
Metro Bank PLC (MTRO) traded down GBX 14.33 ($0.19) during trading on Monday, reaching GBX 3,629.67 ($47.74). The company’s stock had a trading volume of 114,022 shares, compared to its average volume of 102,459. Metro Bank PLC has a fifty-two week low of GBX 2,842.28 ($37.38) and a fifty-two week high of GBX 3,872 ($50.93).
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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