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

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Metro Bank (OTCMKTS:MBNKF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, 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. “

Other equities research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Metro Bank from a “buy” rating to a “hold” rating in a research report on Friday, March 20th. Societe Generale lowered Metro Bank from a “buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Investec raised Metro Bank from a “hold” rating to a “buy” rating in a report on Thursday, May 14th. Royal Bank of Canada reissued a “sector perform” rating on shares of Metro Bank in a report on Tuesday, March 17th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Metro Bank in a report on Friday, April 24th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Metro Bank currently has an average rating of “Hold” and a consensus price target of $1.25.

Shares of MBNKF stock opened at $1.42 on Thursday. Metro Bank has a 12-month low of $0.80 and a 12-month high of $7.35. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $1.09 and its 200 day moving average is $1.86. The stock has a market capitalization of $127.47 million, a P/E ratio of -10.14 and a beta of 1.02.

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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Analyst Recommendations for Metro Bank (OTCMKTS:MBNKF)

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