Metro Bank (LON:MTRO) Shares Down 10.2% - What's Next?

Key Points

• Metro Bank's shares fell by 10.2% on Wednesday, trading as low as GBX 110.60 ($1.48) amidst increased trading volume of approximately 8.5 million shares.
• The stock had a negative net margin of 3.30% and a PE ratio of -31.42, highlighting its financial struggles.
• Analysts from the Royal Bank Of Canada raised their target price for Metro Bank from GBX 100 ($1.34) to GBX 150 ($2.00), indicating a "sector perform" rating.

Metro Bank Holdings PLC (LON:MTRO - Get Free Report) was down 10.2% during mid-day trading on Wednesday . 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).

Analyst Ratings Changes

Separately, Royal Bank Of Canada raised their target price 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 note on Tuesday, July 8th.

Metro Bank Stock Down 10.2%

The stock's 50 day moving average price is GBX 125.33 and its 200-day moving average price is GBX 107.20. The stock has a market capitalization of £768.53 million, a PE ratio of -31.42 and a beta of 2.33.

Metro Bank (LON:MTRO - Get Free Report) last announced 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, analysts forecast that Metro Bank Holdings PLC will post 521.5384615 earnings per share 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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