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

Key Points

• Metro Bank's stock price fell by 10.2%, trading as low as GBX 110.60, with a significant increase in trading volume compared to average levels.
• The Royal Bank of Canada raised its price target for Metro Bank from GBX 100 to GBX 150 while maintaining a "sector perform" rating.
• Metro Bank reported a quarterly earnings per share (EPS) of GBX 4.50 and has a negative net margin of 3.30% along with a negative return on equity of 2.18%.

Metro Bank Holdings PLC (LON:MTRO - Get Free Report) shares were 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 were traded during mid-day 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 Analyst Weigh In

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

Metro Bank Price Performance

The stock has a market cap of £738.31 million, a price-to-earnings ratio of -30.18 and a beta of 2.33. The stock's 50-day moving average is GBX 125.33 and its 200-day moving average is GBX 107.20.

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 (EPS) for the quarter. Metro Bank had a negative net margin of 3.30% and a negative return on equity of 2.18%. Analysts predict that Metro Bank Holdings PLC will post 521.5384615 EPS for the current fiscal 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.

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