Does Metro Bank PLC Have Any Gas After Today’s Huge Increase?

 Does Metro Bank PLC Have Any Gas After Today's Huge Increase?

The stock of Metro Bank PLC (LON:MTRO) is a huge mover today! The stock increased 0.92% or GBX 28.68 on November 16, hitting GBX 3138.68. About 134,990 shares traded hands or 66.58% up from the average. Metro Bank PLC (LON:MTRO) has risen 56.85% since April 18, 2016 and is uptrending. It has outperformed by 52.16% the S&P500.
The move comes after 8 months positive chart setup for the GBX 2.63B company. It was reported on Nov, 16 by Barchart.com. We have GBX 5147.44 PT which if reached, will make LON:MTRO worth GBX 1.68B more.

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. METRO BANK PLC has been the topic of 11 analyst reports since March 10, 2016 according to StockzIntelligence Inc. The stock of Metro Bank PLC (LON:MTRO) has “Sell” rating given on Monday, November 14 by Goldman Sachs. The rating was maintained by Jefferies with “Buy” on Tuesday, November 1. The rating was maintained by Goldman Sachs on Wednesday, April 27 with “Neutral”. The rating was maintained by Numis Securities on Wednesday, October 26 with “Sell”. Goldman Sachs downgraded the shares of MTRO in a report on Tuesday, September 27 to “Sell” rating. The rating was maintained by Jefferies with “Buy” on Thursday, October 27.

More notable recent Metro Bank PLC (LON:MTRO) news were published by: Bloomberg.com which released: “Metro Bank Said to Add Snyder to Board, Pick IPO Banks” on October 09, 2015, also Wsj.com with their article: “Will London Bite for Metro Bank’s Dogs, Congas and Lollipops?” published on March 16, 2016, Bloomberg.com published: “Why Deep-Pocketed American Moguls Are Backing Metro Bank’s Hill” on April 06, 2015. More interesting news about Metro Bank PLC (LON:MTRO) were released by: Philly.com and their article: “Vernon Hill’s Metro Bank scores $566M in UK IPO” published on March 07, 2016 as well as Bloomberg.com‘s news article titled: “Metro Bank Said to Seek Private Placing Before IPO Next Year” with publication date: December 08, 2015.

Metro Bank PLC is a deposit-taking and lending institution. The company has a market cap of 2.63 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.

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