Metro Bank (LON:MTRO) Share Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Shares of Metro Bank Holdings PLC (LON:MTRO) have surpassed their 200-day moving average, trading at GBX 125.80 ($1.70) with a peak at GBX 130 ($1.76) during recent trading.
• Royal Bank Of Canada has upgraded Metro Bank's stock rating to "outperform" with a price target set at GBX 155.
• The company reported a negative net margin of 3.30% and a negative return on equity of 2.18%, with analysts projecting a total earnings per share of approximately 521.54 for the current year.

Metro Bank Holdings PLC (LON:MTRO - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 110.86 ($1.50) and traded as high as GBX 130 ($1.76). Metro Bank shares last traded at GBX 125.80 ($1.71), with a volume of 409,161 shares trading hands.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada upgraded shares of Metro Bank to an "outperform" rating and set a GBX 155 price target on the stock in a report on Tuesday, August 19th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Metro Bank presently has a consensus rating of "Buy" and a consensus price target of GBX 155.

Metro Bank Trading Down 0.6%

The stock's 50 day moving average price is GBX 125.13 and its 200 day moving average price is GBX 111.67. The firm has a market cap of £852.36 million, a PE ratio of 806.37 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 EPS for the quarter. Metro Bank had a negative net margin of 3.30% and a negative return on equity of 2.18%. Analysts forecast that Metro Bank Holdings PLC will post 521.5384615 earnings per share 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.