Metro Bank PLC (LON:MTRO) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 3,970 ($54.85) and last traded at GBX 3,954 ($54.63), with a volume of 271036 shares. The stock had previously closed at GBX 3,954 ($54.63).
MTRO has been the subject of a number of research analyst reports. Citigroup reissued a “sell” rating on shares of Metro Bank in a research note on Wednesday, December 6th. Investec lowered Metro Bank to a “sell” rating and raised their price target for the stock from GBX 3,575 ($49.39) to GBX 3,585 ($49.53) in a research note on Thursday, January 11th. Finally, Berenberg Bank initiated coverage on Metro Bank in a research note on Wednesday, January 17th. They set a “sell” rating and a GBX 3,000 ($41.45) price target for the company. Seven research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Sell” and an average target price of GBX 3,126.50 ($43.20).
The company has a market capitalization of $3,500.00 and a PE ratio of 32,950.00.
About Metro Bank
Metro Bank PLC (the Bank) is a deposit-taking and lending institution. The Bank’s principal activities include provision of banking and related services. It is focused on retail and small and medium size commercial customers. It offers personal and business banking services. Its everyday banking products include current accounts, and cash management and payments.
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