Key Points
- Insider purchase: Jaime Gilinski Bacal bought 500,000 Metro Bank shares at GBX 172 each, for a total investment of £860,000.
- Stock performance: Metro Bank shares opened at GBX 177.20 and were up 1.4%; the stock has traded between GBX 98.30 and GBX 186.40 over the past year.
- Analyst outlook: Royal Bank of Canada maintained an “outperform” rating with a GBX 190 price target, while the overall analyst consensus is “Buy.”
Metro Bank Holdings PLC (LON:MTRO - Get Free Report) insider Jaime Gilinski Bacal acquired 500,000 shares of the business's stock in a transaction dated Wednesday, September 2nd. The stock was purchased at an average cost of GBX 172 per share, with a total value of £860,000.
Metro Bank Trading Up 1.4%
Shares of Metro Bank stock opened at GBX 177.20 on Friday. The company has a fifty day moving average price of GBX 173.11 and a 200 day moving average price of GBX 151.56. The stock has a market cap of £1.19 billion, a price-to-earnings ratio of 23.01 and a beta of 1.08. Metro Bank Holdings PLC has a twelve month low of GBX 98.30 and a twelve month high of GBX 186.40.
Wall Street Analyst Weigh In
Separately, Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 190 price objective on shares of Metro Bank in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Metro Bank has a consensus rating of "Buy" and an average price target of GBX 190.
View Our Latest Stock Analysis on MTRO
About Metro Bank
(
Get Free Report)
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.
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