Metro Bank PLC (LON:MTRO)‘s stock had its “sell” rating restated by research analysts at Numis Securities Ltd in a report released on Friday. They presently have a GBX 2,000 ($25.84) target price on the stock. Numis Securities Ltd’s price objective would suggest a potential downside of 47.10% from the company’s current price.
A number of other research analysts have also recently weighed in on MTRO. Goldman Sachs Group Inc reiterated a “sell” rating and set a GBX 2,480 ($32.05) price objective on shares of Metro Bank PLC in a research report on Tuesday, May 30th. Panmure Gordon reiterated a “sell” rating and set a GBX 2,700 ($34.89) price objective on shares of Metro Bank PLC in a research report on Wednesday, February 22nd. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 3,750 ($48.46) price target on shares of Metro Bank PLC in a report on Wednesday, April 26th. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 2,600 ($33.60) price target on shares of Metro Bank PLC in a report on Thursday, April 27th. Finally, Citigroup Inc restated a “sell” rating on shares of Metro Bank PLC in a report on Monday, March 20th. Five research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Sell” and a consensus price target of GBX 2,755 ($35.60).
Shares of Metro Bank PLC (LON MTRO) opened at 3778.00 on Friday. Metro Bank PLC has a 12 month low of GBX 1,501.00 and a 12 month high of GBX 3,856.00. The stock’s market cap is GBX 3.04 billion. The firm’s 50-day moving average is GBX 3,591.91 and its 200 day moving average is GBX 3,376.17.
In other news, insider Eugene Lockhart sold 10,000 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of GBX 3,357 ($43.38), for a total value of £335,700 ($433,776.97).
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