Metro Bank (LON:MTRO) Raised to Outperform at Royal Bank Of Canada

Metro Bank (LON:MTRO) was upgraded by research analysts at Royal Bank Of Canada to an “outperform” rating in a research report issued to clients and investors on Tuesday, Marketbeat reports. The brokerage presently has a GBX 155 price objective on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 21.86% from the stock’s current price.

Metro Bank Stock Performance

LON MTRO opened at GBX 127.20 on Tuesday. The firm has a 50 day simple moving average of GBX 125.35 and a 200-day simple moving average of GBX 108.43. The firm has a market cap of £869.73 million, a price-to-earnings ratio of -35.56 and a beta of 2.33. Metro Bank has a one year low of GBX 55 and a one year high of GBX 138.80.

Metro Bank (LON:MTRO) last issued its earnings results on Wednesday, August 6th. The company reported GBX 4.50 earnings per share for the quarter. Metro Bank had a negative net margin of 3.30% and a negative return on equity of 2.18%. Equities analysts predict that Metro Bank will post 521.5384615 EPS for the current fiscal 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.