Royal Bank Of Canada Reiterates Outperform Rating for Metro Bank (LON:MTRO)

Metro Bank (LON:MTRO)‘s stock had its “outperform” rating reissued by equities researchers at Royal Bank Of Canada in a note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 190 price objective on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 9.57% from the company’s current price.

Metro Bank Stock Performance

MTRO stock opened at GBX 173.40 on Wednesday. The stock has a market cap of £1.17 billion, a P/E ratio of 22.52 and a beta of 1.08. The firm has a 50 day simple moving average of GBX 170.60 and a 200 day simple moving average of GBX 146.61. Metro Bank has a 52 week low of GBX 98.30 and a 52 week high of GBX 185.60.

Metro Bank Company Profile

Metro Bank Holdings PLC operates as the bank holding company for Metro Bank PLC that provides various banking products and services in the United Kingdom. It offers personal banking products and services, including current, cash, and foreign currency accounts; savings; residential and buy-to-let mortgages; overdrafts; credit cards; pet insurance; and safe deposit box services. The company also provides business banking products and services comprising business bank, commercial and community current, foreign currency, and insolvency practitioner accounts; deposit accounts, such as business and community instant access deposit, business notice, client premium and flexible client term deposit, and business and community fixed term deposit accounts; insurance products; and business and commercial loans and overdrafts, asset and invoice financing, bounce back loans, business credit cards, and recovery loan schemes services.