Metro Bank (LON:MTRO) Earns Underweight Rating from Barclays

Metro Bank (LON:MTROGet Rating)‘s stock had its “underweight” rating reiterated by analysts at Barclays in a note issued to investors on Wednesday, reports. They presently have a GBX 135 ($1.76) price objective on the stock. Barclays‘s target price would indicate a potential upside of 45.47% from the company’s previous close.

Several other analysts also recently weighed in on the stock. Liberum Capital decreased their price target on shares of Metro Bank from GBX 82 ($1.07) to GBX 77 ($1.00) and set a “sell” rating for the company in a research note on Friday, April 1st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 100 ($1.30) price target on shares of Metro Bank in a research note on Thursday, March 24th.

Metro Bank stock opened at GBX 92.80 ($1.21) on Wednesday. The company has a 50 day moving average price of GBX 90.40 and a 200-day moving average price of GBX 99.19. Metro Bank has a fifty-two week low of GBX 70.89 ($0.92) and a fifty-two week high of GBX 147.80 ($1.92). The company has a market capitalization of £160.01 million and a PE ratio of -0.64.

In other Metro Bank news, insider Nick Winsor acquired 50,000 shares of Metro Bank stock in a transaction that occurred on Monday, February 28th. The stock was bought at an average price of GBX 91 ($1.18) per share, with a total value of £45,500 ($59,198.54).

Metro Bank Company Profile (Get Rating)

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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