Metro Bank Holdings PLC (LON:MTRO – Get Free Report)’s share price traded up 17.4% during trading on Wednesday. The stock traded as high as GBX 180.80 and last traded at GBX 179.20. 84,088,422 shares were traded during mid-day trading, an increase of 2,784% from the average daily volume of 2,915,395 shares. The stock had previously closed at GBX 152.60.
Wall Street Analyst Weigh In
Separately, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 190 price objective on shares of Metro Bank in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 190.
Check Out Our Latest Stock Analysis on Metro Bank
Metro Bank Trading Up 17.4%
The company has a market capitalization of £1.21 billion, a PE ratio of 22.97 and a beta of 1.09. The business’s fifty day moving average is GBX 168.65 and its two-hundred day moving average is GBX 152.99.
Insider Buying and Selling at Metro Bank
In other Metro Bank news, insider Marc Page purchased 27,307 shares of the stock in a transaction dated Friday, September 11th. The shares were purchased at an average cost of GBX 183 per share, with a total value of £49,971.81. Also, insider Jaime Gilinski Bacal purchased 500,000 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were acquired at an average cost of GBX 172 per share, for a total transaction of £860,000. Company insiders own 55.67% of the company’s stock.
Metro Bank Company Profile
Metro Bank Holdings PLC operates as the bank holding company for Metro Bank PLC that provides various banking products and services in the United Kingdom. It offers personal banking products and services, including current, cash, and foreign currency accounts; savings; residential and buy-to-let mortgages; overdrafts; credit cards; pet insurance; and safe deposit box services. The company also provides business banking products and services comprising business bank, commercial and community current, foreign currency, and insolvency practitioner accounts; deposit accounts, such as business and community instant access deposit, business notice, client premium and flexible client term deposit, and business and community fixed term deposit accounts; insurance products; and business and commercial loans and overdrafts, asset and invoice financing, bounce back loans, business credit cards, and recovery loan schemes services.
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