J P Morgan Chase & Co Initiates Coverage on Metropolitan Bank (MCB)
Stock analysts at J P Morgan Chase & Co began coverage on shares of Metropolitan Bank (NYSE:MCB) in a research report issued on Monday. The brokerage set an “overweight” rating and a $50.00 price target on the stock. J P Morgan Chase & Co’s target price indicates a potential upside of 12.16% from the company’s current price.
Shares of Metropolitan Bank (MCB) opened at $44.58 on Monday. Metropolitan Bank has a fifty-two week low of $36.35 and a fifty-two week high of $45.14.
In other Metropolitan Bank news, Director Robert C. Patent purchased 3,000 shares of Metropolitan Bank stock in a transaction on Wednesday, November 8th. The shares were bought at an average price of $35.00 per share, with a total value of $105,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
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