Brokerages Set Metro Bank PLC (MTRO) PT at $3,028.75
Shares of Metro Bank PLC (LON:MTRO) have received an average recommendation of “Sell” from the nine research firms that are currently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 3,028.75 ($40.76).
MTRO has been the subject of several research reports. J P Morgan Chase & Co reissued an “underweight” rating and issued a GBX 2,600 ($34.99) target price on shares of Metro Bank in a report on Tuesday, September 19th. Numis Securities reissued a “sell” rating and issued a GBX 2,000 ($26.92) target price on shares of Metro Bank in a report on Wednesday, October 25th. Macquarie began coverage on Metro Bank in a research note on Wednesday, September 20th. They set an “underperform” rating and a GBX 2,700 ($36.34) price objective for the company. Jefferies Group reduced their price objective on Metro Bank from GBX 4,500 ($60.57) to GBX 4,200 ($56.53) and set a “buy” rating for the company in a research note on Thursday, October 19th. Finally, Citigroup reaffirmed a “sell” rating and set a GBX 3,000 ($40.38) price objective on shares of Metro Bank in a research note on Wednesday, August 23rd.
In other Metro Bank news, insider Stuart Bernau sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of GBX 3,424 ($46.08), for a total transaction of £136,960 ($184,333.78). Also, insider Lord Howard Flight sold 640 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of GBX 3,565 ($47.98), for a total value of £22,816 ($30,707.94).
About Metro Bank
Metro Bank PLC (the Bank) is a deposit-taking and lending institution. The Bank’s principal activities include provision of banking and related services. It is focused on retail and small and medium size commercial customers. It offers personal and business banking services. Its everyday banking products include current accounts, and cash management and payments.
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