Metro Bank (MTRO) Rating Increased to Hold at Berenberg Bank

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).

About Metro Bank

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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Analyst Recommendations for Metro Bank (LON:MTRO)

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