Metro Bank (LON:MTRO) Sets New 1-Year High – Time to Buy?

Shares of Metro Bank Holdings PLC (LON:MTRO) reached a new 52-week high on Tuesday . The stock traded as high as GBX 183 and last traded at GBX 178.60, with a volume of 417615 shares traded. The stock had previously closed at GBX 179.20.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada raised Metro Bank to an “outperform” rating and lifted their target price for the stock from GBX 170 to GBX 195 in a report on Thursday, May 28th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 195.

Metro Bank Stock Up 1.4%

The company’s fifty day moving average price is GBX 168.23 and its 200 day moving average price is GBX 143.59. The company has a market capitalization of £1.19 billion, a P/E ratio of 22.86 and a beta of 1.08.

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. 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.