Metro Bank (LON:MTRO) Stock Price Down 1.5% - Should You Sell?

Key Points

• Metro Bank shares decreased by 1.5% during trading, closing at GBX 129 ($1.70) after hitting a low of GBX 128.76.
• Royal Bank of Canada has raised their price target on Metro Bank from GBX 100 ($1.32) to GBX 150 ($1.98) while maintaining a “sector perform” rating.
• The bank has a market cap of £882.03 million and a negative price-to-earnings ratio of -36.06, indicating financial instability.

Metro Bank Holdings PLC (LON:MTRO - Get Free Report) shares fell 1.5% during trading on Thursday . The stock traded as low as GBX 128.76 ($1.70) and last traded at GBX 129 ($1.70). 2,684,540 shares were traded during trading, an increase of 39% from the average session volume of 1,932,806 shares. The stock had previously closed at GBX 131 ($1.73).

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada increased their price target on Metro Bank from GBX 100 ($1.32) to GBX 150 ($1.98) and gave the company a "sector perform" rating in a report on Tuesday, July 8th.

Metro Bank Stock Down 1.5%

The business's fifty day moving average is GBX 124.85 and its two-hundred day moving average is GBX 106.13. The stock has a market cap of £882.03 million, a price-to-earnings ratio of -36.06 and a beta of 2.33.

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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