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

Key Points

• Metro Bank's stock price decreased by 1.5%, with current trading values around GBX 119.40 ($1.61), down from a previous close of GBX 121.20 ($1.63).
• Royal Bank Of Canada has upgraded Metro Bank to an "outperform" rating, setting a new price target of GBX 155, which reflects a positive sentiment among analysts.
• The bank reported a negative return on equity of -2.18% and a negative net margin of -3.30%, indicating ongoing financial challenges despite current upgrades.

Metro Bank Holdings PLC (LON:MTRO - Get Free Report) was down 1.5% during mid-day trading on Wednesday . The company traded as low as GBX 117.60 ($1.59) and last traded at GBX 119.40 ($1.61). Approximately 1,377,529 shares traded hands during trading, a decline of 29% from the average daily volume of 1,930,835 shares. The stock had previously closed at GBX 121.20 ($1.63).

Analysts Set New Price Targets

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

Metro Bank Price Performance

The firm has a market capitalization of £803.88 million, a PE ratio of 760.51 and a beta of 2.33. The firm has a fifty day moving average price of GBX 122.82 and a 200 day moving average price of GBX 114.40.

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

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