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

Key Points

• Metro Bank's share price fell by 10.2%, trading as low as GBX 110.60, with a significant increase in trading volume of 336% compared to its average.
• Royal Bank of Canada has raised its price target for Metro Bank from GBX 100 to GBX 150, assigning a "sector perform" rating.
• Metro Bank reported a negative net margin of 3.30% and a price-to-earnings ratio of -31.42 in its most recent earnings report.

Metro Bank Holdings PLC (LON:MTRO - Get Free Report)'s share price dropped 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). 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 Analysts Forecast Growth

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

Metro Bank Stock Down 10.2%

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

Metro Bank (LON:MTRO - Get Free Report) last released 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%. On average, analysts expect 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.

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