Metro Bank (LON:MTRO) Reaches New 52-Week Low at $264.00

Metro Bank PLC (LON:MTRO)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 264 ($3.45) and last traded at GBX 273.60 ($3.58), with a volume of 1265910 shares. The stock had previously closed at GBX 281.40 ($3.68).

Several equities research analysts have issued reports on MTRO shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Metro Bank in a research note on Thursday, July 25th. Goldman Sachs Group decreased their target price on shares of Metro Bank from GBX 800 ($10.45) to GBX 690 ($9.02) and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Morgan Stanley decreased their target price on shares of Metro Bank from GBX 830 ($10.85) to GBX 700 ($9.15) and set an “equal weight” rating on the stock in a research report on Wednesday, June 5th. Citigroup reissued a “sell” rating and issued a GBX 480 ($6.27) target price on shares of Metro Bank in a research report on Monday, May 13th. Finally, Berenberg Bank decreased their target price on shares of Metro Bank from GBX 1,200 ($15.68) to GBX 600 ($7.84) and set a “hold” rating on the stock in a research report on Wednesday, May 15th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Metro Bank currently has a consensus rating of “Hold” and an average price target of GBX 611.25 ($7.99).

The company’s fifty day moving average is GBX 402.50 and its 200 day moving average is GBX 722.77. The stock has a market cap of $480.02 million and a PE ratio of 23.86.

In other Metro Bank news, insider Vernon W. Hill purchased 100,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average price of GBX 275 ($3.59) per share, for a total transaction of £275,000 ($359,336.21). Also, insider Craig Donaldson purchased 12,900 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average price of GBX 384 ($5.02) per share, for a total transaction of £49,536 ($64,727.56).

About Metro Bank (LON:MTRO)

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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