Metro Bank (LON:MTRO) Trading 1.3% Higher - Should You Buy?

Key Points

• Metro Bank's share price rose by 1.3% and is currently trading around GBX 112.20 ($1.50), despite a significant drop in trading volume.
• Royal Bank of Canada upgraded Metro Bank to an "outperform" rating with a target price of GBX 155, contributing to a consensus "Buy" rating among analysts.
• The bank reported a negative return on equity of 2.18% and negative net margin of 3.30%, with analysts expecting an EPS of 521.54 for the current fiscal year.

Metro Bank Holdings PLC (LON:MTRO - Get Free Report)'s share price traded up 1.3% during mid-day trading on Wednesday . The company traded as high as GBX 113.40 ($1.52) and last traded at GBX 112.20 ($1.50). 819,314 shares changed hands during trading, a decline of 56% from the average session volume of 1,855,049 shares. The stock had previously closed at GBX 110.80 ($1.48).

Wall Street Analyst Weigh In

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

Metro Bank Price Performance

The firm has a market cap of £755.43 million, a PE ratio of 7.15 and a beta of 2.33. The business has a fifty day moving average price of GBX 121.37 and a two-hundred day moving average price of GBX 116.96.

Metro Bank (LON:MTRO - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported GBX 4.50 earnings per share (EPS) for the quarter. Metro Bank had a negative return on equity of 2.18% and a negative net margin of 3.30%. As a group, sell-side analysts forecast that Metro Bank Holdings PLC will post 521.5384615 EPS for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.