Metro Bank (LON:MTRO) Posts Earnings Results

Metro Bank (LON:MTRO) issued its quarterly earnings results on Tuesday. The company reported GBX 4.50 earnings per share (EPS) for the quarter, reports. Metro Bank had a negative net margin of 3.30% and a negative return on equity of 2.18%.

Metro Bank Stock Down 1.0%

Metro Bank stock opened at GBX 113.20 on Tuesday. The stock has a market cap of £762.17 million, a price-to-earnings ratio of 7.21 and a beta of 2.33. Metro Bank has a 12-month low of GBX 76.40 and a 12-month high of GBX 138.80. The business’s 50-day simple moving average is GBX 111.79 and its 200 day simple moving average is GBX 119.54.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada upgraded shares of Metro Bank to an “outperform” rating and set a GBX 155 price objective for the company in a research report on Tuesday, August 19th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 155.

Metro Bank Company Profile

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.