Metro Bank (LON:MTRO) Insider Acquires 500,000 Shares

Metro Bank Holdings PLC (LON:MTRO) insider Jaime Gilinski Bacal acquired 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were purchased at an average cost of GBX 172 per share, with a total value of £860,000.

Metro Bank Price Performance

Shares of Metro Bank stock traded up GBX 2.40 on Thursday, hitting GBX 177.20. 757,570 shares of the company’s stock traded hands, compared to its average volume of 2,691,218. The company has a market capitalization of £1.19 billion, a price-to-earnings ratio of 23.01 and a beta of 1.08. Metro Bank Holdings PLC has a one year low of GBX 98.30 and a one year high of GBX 186.40. The company has a fifty day moving average of GBX 173.02 and a two-hundred day moving average of GBX 151.21.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 190 price objective on shares of Metro Bank in a research report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 190.

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.