Metro Bank PLC (MTRO) Receives Consensus Recommendation of “Sell” from Analysts

Shares of Metro Bank PLC (LON:MTRO) have earned an average recommendation of “Sell” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is GBX 3,126.50 ($44.77).

A number of equities analysts recently weighed in on the stock. Investec lowered shares of Metro Bank to a “sell” rating and lifted their price objective for the company from GBX 3,575 ($51.19) to GBX 3,585 ($51.33) in a research report on Thursday, January 11th. Citigroup reissued a “neutral” rating on shares of Metro Bank in a report on Monday, February 12th. Finally, Berenberg Bank started coverage on Metro Bank in a report on Wednesday, January 17th. They issued a “sell” rating and a GBX 3,000 ($42.96) target price for the company.

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In other news, insider Craig Donaldson sold 63,000 shares of Metro Bank stock in a transaction on Thursday, March 8th. The stock was sold at an average price of GBX 4,017 ($57.52), for a total transaction of £2,530,710 ($3,623,582.47). Also, insider Eugene Lockhart sold 5,700 shares of Metro Bank stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of GBX 4,007 ($57.37), for a total value of £228,399 ($327,031.79).

LON:MTRO traded down GBX 14 ($0.20) during midday trading on Thursday, reaching GBX 3,438 ($49.23). The stock had a trading volume of 22,693 shares, compared to its average volume of 215,330. Metro Bank has a 12-month low of GBX 3,162 ($45.27) and a 12-month high of GBX 4,056 ($58.08).

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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.

Analyst Recommendations for Metro Bank (LON:MTRO)

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