Metro Bank (LON:MTRO) Shares Pass Below 50-Day Moving Average – Time to Sell?

Metro Bank Holdings PLC (LON:MTRO) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 117.02 and traded as low as GBX 103.20. Metro Bank shares last traded at GBX 105.40, with a volume of 688,755 shares traded.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada upgraded Metro Bank to an “outperform” rating and set a GBX 155 price target on the stock in a research note 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 a consensus target price of GBX 155.

Metro Bank Trading Down 1.7%

The stock has a market capitalization of £697.52 million, a P/E ratio of 6.60 and a beta of 2.33. The stock’s 50 day simple moving average is GBX 117.02 and its 200 day simple moving average is GBX 120.27.

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.