Zacks Investment Research Lowers Metro Bank (OTCMKTS:MBNKF) to Sell

Zacks Investment Research downgraded shares of Metro Bank (OTCMKTS:MBNKF) from a hold rating to a sell rating in a report issued on Wednesday morning, Zacks.com reports.

According to Zacks, “Metro Bank PLC is a commercial bank which provides banking products and services to retail and institutional customers. The company offers current accounts, loans, mortgages, safe deposit boxes, cash management, private banking and debit and credit cards. Metro Bank PLC is based in London, United Kingdom. “

A number of other research firms have also recently weighed in on MBNKF. Macquarie upgraded shares of Metro Bank from an underperform rating to a neutral rating in a report on Wednesday, June 12th. Citigroup upgraded shares of Metro Bank from a sell rating to a neutral rating in a report on Monday, August 5th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Metro Bank has an average rating of Hold.

OTCMKTS:MBNKF opened at $3.60 on Wednesday. Metro Bank has a fifty-two week low of $3.50 and a fifty-two week high of $40.69. The firm has a 50-day moving average price of $5.85.

Metro Bank Company Profile

Metro Bank PLC, together with its subsidiaries, provides retail and commercial 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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