Metro Bank (LON:MTRO) Trading Down 10.2% - Here's What Happened

Key Points

• Metro Bank's share price fell by 10.2% during trading on Wednesday, dropping from GBX 125.20 ($1.67) to a low of GBX 110.60 ($1.48).
• Analysts from the Royal Bank of Canada increased their price target for Metro Bank from GBX 100 ($1.34) to GBX 150 ($2.00) and rated the stock as a "sector perform."
• The company reported a negative net margin of 3.30% and a negative return on equity of 2.18% in its latest quarterly earnings.

Metro Bank Holdings PLC (LON:MTRO - Get Free Report)'s share price fell 10.2% during trading on Wednesday . The company traded as low as GBX 110.60 ($1.48) and last traded at GBX 112.40 ($1.50). 8,541,412 shares changed hands during mid-day trading, an increase of 336% from the average session 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 upped their price target on 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 Price Performance

The company has a market capitalization of £768.53 million, a price-to-earnings ratio of -31.42 and a beta of 2.33. The business's 50-day moving average price is GBX 125.33 and its two-hundred day moving average price is GBX 107.20.

Metro Bank (LON:MTRO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported GBX 4.50 ($0.06) EPS for the quarter. Metro Bank had a negative net margin of 3.30% and a negative return on equity of 2.18%. As a group, research analysts predict that Metro Bank Holdings PLC will post 521.5384615 EPS 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.

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