Metro Bank Holdings PLC (LON:MTRO – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of GBX 152.99 and traded as low as GBX 148.40. Metro Bank shares last traded at GBX 152.60, with a volume of 1,044,379 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Royal Bank Of Canada restated an “outperform” rating and set a GBX 190 price target on shares of Metro Bank in a report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 190.
Read Our Latest Analysis on MTRO
Metro Bank Price Performance
The firm’s 50-day moving average price is GBX 168.65 and its 200 day moving average price is GBX 152.99. The firm has a market capitalization of £1.03 billion, a price-to-earnings ratio of 19.56 and a beta of 1.09.
Insider Buying and Selling
In other Metro Bank news, insider Marc Page bought 27,307 shares of the stock in a transaction on Friday, September 11th. The stock was purchased at an average price of GBX 183 per share, for a total transaction of £49,971.81. Also, insider Jaime Gilinski Bacal bought 500,000 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was bought at an average price of GBX 172 per share, with a total value of £860,000. 55.67% of the stock is owned by corporate insiders.
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.
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