Metro Bank (MTRO) Rating Reiterated by Royal Bank of Canada

Metro Bank (LON:MTRO)‘s stock had its “sector performer” rating reissued by equities researchers at Royal Bank of Canada in a note issued to investors on Wednesday. They currently have a GBX 4,000 ($55.79) target price on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 23.00% from the company’s previous close.

A number of other brokerages have also recently commented on MTRO. Citigroup reissued a “neutral” rating and set a GBX 3,900 ($54.39) target price on shares of Metro Bank in a report on Monday, February 26th. Berenberg Bank initiated coverage on Metro Bank in a report on Wednesday, January 17th. They set a “sell” rating and a GBX 3,000 ($41.84) target price for the company. Finally, Investec cut Metro Bank to a “sell” rating and increased their target price for the company from GBX 3,575 ($49.86) to GBX 3,585 ($50.00) in a report on Thursday, January 11th. Six investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Metro Bank presently has a consensus rating of “Sell” and a consensus price target of GBX 3,173.89 ($44.27).

Shares of Metro Bank stock opened at GBX 3,252 ($45.36) on Wednesday. Metro Bank has a 12 month low of GBX 3,162 ($44.10) and a 12 month high of GBX 4,056 ($56.57).

In related news, insider Eugene Lockhart sold 5,700 shares of the stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of GBX 4,007 ($55.89), for a total value of £228,399 ($318,548.12). Also, insider Craig Donaldson sold 63,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of GBX 4,017 ($56.03), for a total value of £2,530,710 ($3,529,581.59).

About Metro Bank

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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