Zacks Investment Research Downgrades Metro Bank (OTCMKTS:MBNKF) to Sell

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Zacks Investment Research downgraded shares of Metro Bank (OTCMKTS:MBNKF) from a hold rating to a sell rating in a report issued on Friday, Zacks.com reports.

According to Zacks, “Metro Bank PLC is a commercial bank which provides banking products and services to retail and institutional customers. The company offers current accounts, loans, mortgages, safe deposit boxes, cash management, private banking and debit and credit cards. Metro Bank PLC is based in London, United Kingdom. “

A number of other research firms have also recently commented on MBNKF. ValuEngine raised Metro Bank from a hold rating to a buy rating in a report on Wednesday, October 2nd. HSBC started coverage on Metro Bank in a report on Tuesday, October 22nd. They issued a hold rating on the stock. Finally, Citigroup raised Metro Bank from a sell rating to a neutral rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold.

OTCMKTS MBNKF opened at $2.87 on Friday. The stock’s 50 day moving average is $2.71 and its 200 day moving average is $5.37. Metro Bank has a 12 month low of $1.95 and a 12 month high of $29.91.

About Metro Bank

Metro Bank PLC, together with its subsidiaries, provides retail and commercial 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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