Metro Bank (LON:MTRO) Upgraded by Royal Bank Of Canada to “Outperform” Rating

Metro Bank (LON:MTRO) was upgraded by Royal Bank Of Canada to an “outperform” rating in a research note issued on Thursday,London Stock Exchange reports. The brokerage presently has a GBX 195 price target on the stock, up from their previous price target of GBX 170. Royal Bank Of Canada’s target price suggests a potential upside of 19.05% from the stock’s current price.

Metro Bank Stock Up 4.5%

LON MTRO opened at GBX 163.80 on Thursday. Metro Bank has a twelve month low of GBX 98.30 and a twelve month high of GBX 168.20. The firm has a market capitalization of £1.10 billion, a PE ratio of 21.27 and a beta of 1.05. The stock’s 50 day moving average is GBX 136.51 and its 200 day moving average is GBX 125.81.

Metro Bank (LON:MTRO) last released its quarterly earnings results on Wednesday, March 4th. The company reported GBX 7.80 earnings per share for the quarter. Metro Bank had a return on equity of 5.16% and a net margin of 8.10%. On average, research analysts anticipate that Metro Bank will post 521.5384615 earnings per share for the current year.

Insider Transactions at Metro Bank

In related news, insider Robert Sharpe bought 17,599 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were acquired at an average cost of GBX 111 per share, with a total value of £19,534.89. Also, insider Paul Coby bought 17,350 shares of the company’s stock in a transaction on Tuesday, March 24th. The stock was bought at an average cost of GBX 114 per share, for a total transaction of £19,779. Over the last ninety days, insiders have purchased 769,834 shares of company stock valued at $87,900,471. Company insiders own 2.43% of the company’s stock.

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. The company also provides business banking products and services comprising business bank, commercial and community current, foreign currency, and insolvency practitioner accounts; deposit accounts, such as business and community instant access deposit, business notice, client premium and flexible client term deposit, and business and community fixed term deposit accounts; insurance products; and business and commercial loans and overdrafts, asset and invoice financing, bounce back loans, business credit cards, and recovery loan schemes services.