Metro Bank (MTRO) Rating Reiterated by Jefferies Financial Group
Metro Bank (LON:MTRO)‘s stock had its “buy” rating reissued by Jefferies Financial Group in a research note issued on Tuesday, ThisIsMoney.Co.Uk reports.
Several other research analysts have also issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Metro Bank from GBX 2,200 ($28.75) to GBX 2,000 ($26.13) and set an “underweight” rating on the stock in a research report on Monday, January 21st. Barclays began coverage on shares of Metro Bank in a research report on Thursday, March 28th. They issued an “underweight” rating and a GBX 650 ($8.49) price target on the stock. Goldman Sachs Group decreased their price target on shares of Metro Bank from GBX 1,700 ($22.21) to GBX 1,150 ($15.03) and set a “neutral” rating on the stock in a research report on Friday, March 1st. Royal Bank of Canada restated a “sector performer” rating and issued a GBX 3,000 ($39.20) price target (down previously from GBX 4,000 ($52.27)) on shares of Metro Bank in a research report on Friday, January 18th. Finally, Berenberg Bank upgraded shares of Metro Bank to a “hold” rating and decreased their price target for the stock from GBX 2,500 ($32.67) to GBX 1,200 ($15.68) in a research report on Friday, February 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Metro Bank presently has a consensus rating of “Hold” and a consensus price target of GBX 2,012.86 ($26.30).
LON MTRO opened at GBX 797.28 ($10.42) on Tuesday. Metro Bank has a 12 month low of GBX 727.50 ($9.51) and a 12 month high of GBX 3,550 ($46.39). The company has a market cap of $776.71 million and a P/E ratio of 28.27.
Metro Bank Company Profile
Metro Bank PLC, together with its subsidiaries, provides retail and corporate 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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