Metro Bank (LON:MTRO) Sets New 52-Week High - Here's What Happened

Shares of Metro Bank Holdings PLC (LON:MTRO - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 135.60 ($1.84) and last traded at GBX 135.20 ($1.84), with a volume of 563637 shares traded. The stock had previously closed at GBX 130.20 ($1.77).

Analyst Ratings Changes

Separately, Royal Bank Of Canada increased their price objective on Metro Bank from GBX 100 ($1.36) to GBX 150 ($2.04) and gave the stock a "sector perform" rating in a research report on Tuesday.

Metro Bank Stock Down 1.5%

The stock has a 50-day simple moving average of GBX 119.60 and a two-hundred day simple moving average of GBX 102.61. The firm has a market cap of £899.81 million, a PE ratio of -36.79 and a beta of 2.33.

About Metro Bank

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.