Metro Bank (LON:MTRO) Upgraded by Royal Bank Of Canada to “Outperform” Rating

Metro Bank (LON:MTRO) was upgraded by analysts at Royal Bank Of Canada to an “outperform” rating in a research note issued on Thursday,London Stock Exchange reports. The brokerage presently has a GBX 195 target price on the stock, up from their previous target price of GBX 170. Royal Bank Of Canada’s price objective would indicate a potential upside of 19.05% from the company’s current price.

Metro Bank Trading Up 4.5%

Metro Bank stock opened at GBX 163.80 on Thursday. The business’s fifty day simple moving average is GBX 136.51 and its two-hundred day simple moving average is GBX 125.81. Metro Bank has a 12 month low of GBX 98.30 and a 12 month high of GBX 168.20. The company has a market capitalization of £1.10 billion, a price-to-earnings ratio of 21.27 and a beta of 1.05.

Metro Bank (LON:MTRO) last released its earnings results on Wednesday, March 4th. The company reported GBX 7.80 EPS for the quarter. Metro Bank had a return on equity of 5.16% and a net margin of 8.10%. On average, equities research analysts predict that Metro Bank will post 521.5384615 EPS for the current year.

Insiders Place Their Bets

In other Metro Bank news, insider Jaime Gilinski Bacal purchased 534,703 shares of the stock in a transaction dated Thursday, March 5th. The shares were purchased at an average cost of GBX 114 per share, with a total value of £609,561.42. Also, insider Marc Page purchased 101,146 shares of the stock in a transaction dated Wednesday, March 4th. The shares were acquired at an average cost of GBX 115 per share, for a total transaction of £116,317.90. In the last ninety days, insiders bought 769,834 shares of company stock valued at $87,900,471. Company insiders own 2.43% of the company’s stock.

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.