Metro Bank (LON:MTRO) Reaches New 12-Month Low at $290.20

Metro Bank PLC (LON:MTRO)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 290.20 ($3.79) and last traded at GBX 290.29 ($3.79), with a volume of 538114 shares. The stock had previously closed at GBX 298.80 ($3.90).

Several research firms have issued reports on MTRO. Investec upgraded shares of Metro Bank to a “buy” rating in a research report on Friday, June 28th. Morgan Stanley lowered their price objective on shares of Metro Bank from GBX 830 ($10.85) to GBX 700 ($9.15) and set an “equal weight” rating on the stock in a research report on Wednesday, June 5th. Berenberg Bank lowered their price objective on shares of Metro Bank from GBX 1,200 ($15.68) to GBX 600 ($7.84) and set a “hold” rating on the stock in a research report on Wednesday, May 15th. Citigroup reiterated a “sell” rating and set a GBX 480 ($6.27) price objective on shares of Metro Bank in a research report on Monday, May 13th. Finally, Barclays lowered their price objective on shares of Metro Bank from GBX 500 ($6.53) to GBX 450 ($5.88) and set an “underweight” rating on the stock in a research report on Friday, July 26th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Metro Bank presently has an average rating of “Hold” and an average target price of GBX 625 ($8.17).

The stock has a market cap of $514.85 million and a PE ratio of 25.52. The business has a 50-day moving average of GBX 442.37.

In other news, insider Craig Donaldson acquired 12,900 shares of the stock in a transaction on Friday, July 26th. The shares were purchased at an average cost of GBX 384 ($5.02) per share, for a total transaction of £49,536 ($64,727.56).

Metro Bank Company Profile (LON:MTRO)

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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