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Metro Bank (LON:MTRO) Raised to "Outperform" at Royal Bank Of Canada

Metro Bank logo with Financial Services background

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Metro Bank (LON:MTRO - Get Free Report) was upgraded by equities research analysts at Royal Bank Of Canada to an "outperform" rating in a research note issued to investors on Tuesday, MarketBeat reports. The firm currently has a GBX 155 ($2.09) target price on the stock. Royal Bank Of Canada's price target would suggest a potential upside of 26.43% from the company's previous close.

Metro Bank Price Performance

Shares of LON:MTRO opened at GBX 122.60 ($1.66) on Tuesday. Metro Bank has a 1 year low of GBX 53.70 ($0.73) and a 1 year high of GBX 138.80 ($1.87). The stock's fifty day moving average price is GBX 124.81 and its 200-day moving average price is GBX 108.17. The company has a market cap of £838.27 million, a P/E ratio of -34.27 and a beta of 2.33.

Metro Bank (LON:MTRO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported GBX 4.50 ($0.06) earnings per share for the quarter. Metro Bank had a negative net margin of 3.30% and a negative return on equity of 2.18%. On average, sell-side analysts anticipate that Metro Bank will post 521.5384615 earnings per share for the current year.

Metro Bank Company Profile

(Get Free Report)

Metro Bank Holdings PLC operates as the bank holding company for Metro Bank PLC that provides various banking products and services in the United Kingdom. It offers personal banking products and services, including current, cash, and foreign currency accounts; savings; residential and buy-to-let mortgages; overdrafts; credit cards; pet insurance; and safe deposit box services.

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