Metro Bank (LON:MTRO) was upgraded by equities researchers at Berenberg Bank to a “hold” rating in a research note issued to investors on Friday. The firm presently has a GBX 1,200 ($15.68) target price on the stock, down from their previous target price of GBX 2,500 ($32.67). Berenberg Bank’s price target would indicate a potential downside of 11.37% from the company’s previous close.
Several other research analysts also recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Metro Bank from GBX 2,600 ($33.97) to GBX 2,200 ($28.75) and set an “underweight” rating on the stock in a report on Thursday, October 25th. Royal Bank of Canada restated a “sector performer” rating and set a GBX 3,000 ($39.20) price objective (down previously from GBX 4,000 ($52.27)) on shares of Metro Bank in a report on Friday, January 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 2,700 ($35.28).
Shares of MTRO stock traded up GBX 84 ($1.10) on Friday, hitting GBX 1,354 ($17.69). The company’s stock had a trading volume of 527,038 shares, compared to its average volume of 215,330. Metro Bank has a fifty-two week low of GBX 3,162 ($41.32) and a fifty-two week high of GBX 4,056 ($53.00).
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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