Metro Bank (LON:MTRO) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Metro Bank Holdings PLC (LON:MTRO)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 172.49 and traded as low as GBX 172.20. Metro Bank shares last traded at GBX 172.80, with a volume of 16,355,828 shares traded.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 190 price target on shares of Metro Bank in a research note on Wednesday, August 12th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Metro Bank has an average rating of “Buy” and a consensus target price of GBX 190.

Metro Bank Price Performance

The stock has a 50 day moving average of GBX 172.49 and a 200 day moving average of GBX 148.51. The firm has a market cap of £1.16 billion, a price-to-earnings ratio of 22.44 and a beta of 1.08.

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.