Metro Bank (LON:MTRO) Shares Down 10.2% - Time to Sell?

Key Points

• Metro Bank's shares fell by 10.2% during trading, with the stock dropping to GBX 110.60 ($1.48) from GBX 125.20 ($1.67) before the trade.
• The Royal Bank of Canada increased its price target for Metro Bank from GBX 100 ($1.34) to GBX 150 ($2.00), rating the stock as "sector perform."
• Metro Bank reported negative financial results with a loss per share of GBX 4.50 ($0.06) and a negative return on equity of 2.18%.

Metro Bank Holdings PLC (LON:MTRO - Get Free Report)'s share price dropped 10.2% during trading on Thursday . The stock traded as low as GBX 110.60 ($1.48) and last traded at GBX 112.40 ($1.50). Approximately 8,541,412 shares changed hands during trading, an increase of 336% from the average daily volume of 1,958,078 shares. The stock had previously closed at GBX 125.20 ($1.67).

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada increased their price target on shares of Metro Bank from GBX 100 ($1.34) to GBX 150 ($2.00) and gave the company a "sector perform" rating in a research report on Tuesday, July 8th.

Metro Bank Stock Down 2.8%

The firm has a fifty day moving average of GBX 125.33 and a 200-day moving average of GBX 107.20. The firm has a market cap of £746.65 million, a P/E ratio of -30.53 and a beta of 2.33.

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

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.

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