Jefferies Financial Group Trims Metro Bank (MTRO) Target Price to GBX 3,600

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Metro Bank (LON:MTRO) had its price objective trimmed by Jefferies Financial Group from GBX 4,400 ($56.76) to GBX 3,600 ($46.44) in a research note released on Tuesday morning. The brokerage currently has a buy rating on the stock.

Separately, Berenberg Bank reduced their price target on Metro Bank from GBX 3,000 ($38.70) to GBX 2,500 ($32.25) and set a sell rating on the stock in a research report on Wednesday, August 29th. Five equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Metro Bank has an average rating of Hold and an average price target of GBX 3,085.63 ($39.80).

Shares of MTRO stock opened at GBX 2,680 ($34.57) on Tuesday. Metro Bank has a 12-month low of GBX 3,162 ($40.79) and a 12-month high of GBX 4,056 ($52.32).

In other news, insider Stuart Bernau bought 3,500 shares of the business’s stock in a transaction that occurred on Monday, June 11th. The shares were purchased at an average cost of GBX 3,365 ($43.41) per share, with a total value of £117,775 ($151,928.53).

About Metro Bank

Metro Bank PLC, together with its subsidiaries, provides retail and corporate banking services in the United Kingdom. The company offers personal banking products and services, including current and savings accounts; residential mortgages; credit cards and personal loans; and safe deposit box services.

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