Metro Bank (LON:MTRO) Hits New 52-Week High – What’s Next?

Metro Bank Holdings PLC (LON:MTRO) reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as GBX 187.30 and last traded at GBX 187.30, with a volume of 691,437 shares trading hands. The stock had previously closed at GBX 179.20.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 190 target price on shares of Metro Bank in a research report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Metro Bank presently has an average rating of “Buy” and a consensus price target of GBX 190.

Metro Bank Stock Down 1.5%

The company has a market cap of £1.21 billion, a PE ratio of 23.00 and a beta of 1.09. The business’s fifty day moving average is GBX 169.41 and its 200-day moving average is GBX 153.75.

Insider Transactions at Metro Bank

In related news, insider Jaime Gilinski Bacal purchased 500,000 shares of the stock in a transaction on Wednesday, September 2nd. The shares were purchased at an average price of GBX 172 per share, with a total value of £860,000. Also, insider Marc Page purchased 27,307 shares of the business’s stock in a transaction on Friday, September 11th. The stock was purchased at an average price of GBX 183 per share, for a total transaction of £49,971.81. 6.01% of the stock is currently owned by insiders.

About Metro Bank

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.