Metro Bank (LON:MTRO) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Metro Bank Holdings PLC (LON:MTRO) shares crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of GBX 175.29 and traded as low as GBX 171.20. Metro Bank shares last traded at GBX 175.80, with a volume of 1,282,298 shares trading hands.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 190 price objective on shares of Metro Bank in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 190.

Metro Bank Stock Performance

The stock has a fifty day moving average price of GBX 175.29 and a 200-day moving average price of GBX 157.34. The firm has a market cap of £1.18 billion, a PE ratio of 22.54 and a beta of 1.08.

Insider Activity at Metro Bank

In other Metro Bank news, insider Jaime Gilinski Bacal acquired 500,000 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was bought at an average price of GBX 172 per share, with a total value of £860,000. Also, insider Marc Page bought 27,307 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was acquired at an average cost of GBX 183 per share, for a total transaction of £49,971.81. 2.43% of the stock is owned by insiders.

About Metro Bank

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. The company also provides business banking products and services comprising business bank, commercial and community current, foreign currency, and insolvency practitioner accounts; deposit accounts, such as business and community instant access deposit, business notice, client premium and flexible client term deposit, and business and community fixed term deposit accounts; insurance products; and business and commercial loans and overdrafts, asset and invoice financing, bounce back loans, business credit cards, and recovery loan schemes services.