Metro Bank (LON:MTRO) Stock Rating Upgraded by Royal Bank Of Canada

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Metro Bank (LON:MTRO - Get Free Report) was upgraded by stock analysts at Royal Bank Of Canada to an "outperform" rating in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The brokerage currently has a GBX 155 price target on the stock. Royal Bank Of Canada's price target points to a potential upside of 19.97% from the stock's previous close.

Metro Bank Stock Up 0.9%

LON:MTRO traded up GBX 1.20 during trading hours on Tuesday, hitting GBX 129.20. 668,081 shares of the company traded hands, compared to its average volume of 2,005,938. The firm's 50-day simple moving average is GBX 126.01 and its 200-day simple moving average is GBX 108.89. Metro Bank has a one year low of GBX 58.20 and a one year high of GBX 138.80. The company has a market cap of £883.40 million, a PE ratio of -36.12 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 earnings per share for the quarter. Metro Bank had a negative return on equity of 2.18% and a negative net margin of 3.30%. As a group, equities research analysts expect that Metro Bank will post 521.5384615 EPS for the current year.

Metro Bank Company Profile

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.