Metro Bank’s (MTRO) “Underweight” Rating Reiterated at Barclays

Barclays restated their underweight rating on shares of Metro Bank (LON:MTRO) in a report released on Tuesday, Stock Target Advisor reports.

Several other equities analysts have also recently issued reports on MTRO. Royal Bank of Canada lifted their price objective on Metro Bank from GBX 370 ($4.87) to GBX 410 ($5.39) and gave the stock a sector performer rating in a report on Friday, November 22nd. Jefferies Financial Group reaffirmed a buy rating and set a GBX 297 ($3.91) price objective on shares of Metro Bank in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price objective on Metro Bank from GBX 140 ($1.84) to GBX 160 ($2.10) and gave the stock an underweight rating in a report on Friday, January 17th. Finally, HSBC initiated coverage on Metro Bank in a report on Tuesday, October 22nd. They set a hold rating and a GBX 190 ($2.50) price objective for the company. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of GBX 408.56 ($5.37).

Shares of MTRO stock opened at GBX 203.80 ($2.68) on Tuesday. The stock has a fifty day moving average price of GBX 202.16 and a 200 day moving average price of GBX 265.61. The stock has a market cap of $348.98 million and a PE ratio of 17.42. Metro Bank has a 1 year low of GBX 155.20 ($2.04) and a 1 year high of GBX 1,549 ($20.38).

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.

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Analyst Recommendations for Metro Bank (LON:MTRO)

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