Rating To Observe: Goldman Sachs Analyst Reaffirmed GBX 2100.00 Price Target on Metro Bank PLC (LON:MTRO) stock, While Reiterating Sell Rating

November 25, 2016 - By olga

Metro Bank PLC (LON:MTRO) Rating

They currently have a GBX 2100.00 price target on Metro Bank PLC (LON:MTRO). Goldman Sachs’s target would suggest a potential downside of -37.78% from the company’s last stock close. This was revealed to clients and investors in analysts note on Friday, 25 November.

Metro Bank PLC (LON:MTRO) Ratings Coverage

Out of 5 analysts covering METRO BANK PLC (LON:MTRO), 2 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 40% are positive. GBX 3000 is the highest target while GBX 1800 is the lowest. The GBX 2344 average target is -30.59% below today’s (GBX 3377.2) stock price. METRO BANK PLC has been the topic of 12 analyst reports since March 10, 2016 according to StockzIntelligence Inc. On Friday, November 25 the stock rating was maintained by Goldman Sachs with “Sell”. The rating was maintained by Jefferies on Tuesday, November 1 with “Buy”. Goldman Sachs maintained it with “Neutral” rating and GBX 2070 target price in Wednesday, April 27 report. Numis Securities maintained Metro Bank PLC (LON:MTRO) rating on Wednesday, October 26. Numis Securities has “Sell” rating and GBX 1800 price target. As per Tuesday, September 27, the company rating was downgraded by Goldman Sachs. The stock of Metro Bank PLC (LON:MTRO) earned “Sell” rating by Goldman Sachs on Monday, November 14. Jefferies maintained the shares of MTRO in a report on Thursday, October 27 with “Buy” rating.

About 6,485 shares traded hands. Metro Bank PLC (LON:MTRO) has risen 64.51% since April 26, 2016 and is uptrending. It has outperformed by 59.10% the S&P500.

Metro Bank PLC is a deposit-taking and lending institution. The company has a market cap of 2.71 billion GBP. The Bank’s principal activities include provision of banking and related services through stores, telephony, Internet and mobile. It currently has negative earnings. It is focused on retail and small and medium size commercial customers.

According to Zacks Investment Research, “Metro One Development, Inc is an interactive media company specializing in touchless, gesture hand, and body motion enabled software solutions. Metro One Development, Inc., formerly known as On the Go Healthcare, Inc., is headquartered in San Clemente, California.”

MTRO Company Profile

Metro One Development, Inc., incorporated on July 21, 2000, is a media company. The Firm offers solutions for floor, table and wall needs. The Firm offers a range of applications for clients of varying sectors and disciplines. The Firm offers a media platform to advertisers. The Firm offers solutions for retailers and special attractions and event planners. The Company’s products include TableOne, StepOne and TouchOne.

More important recent Metro Bank PLC (LON:MTRO) news were published by: Wsj.com which released: “Will London Bite for Metro Bank’s Dogs, Congas and Lollipops?” on March 16, 2016, also Bloomberg.com published article titled: “Why Deep-Pocketed American Moguls Are Backing Metro Bank’s Hill”, Philly.com published: “Vernon Hill’s Metro Bank scores $566M in UK IPO” on March 07, 2016. More interesting news about Metro Bank PLC (LON:MTRO) was released by: Bloomberg.com and their article: “Metro Bank Said to Add Snyder to Board, Pick IPO Banks” with publication date: October 09, 2015.

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