According to JP Morgans price target of 2600 on the company's stock this indicates the broker now believes there is a decrease of -26.12% from METRO BANK PLC's current price of 3519. GBX 2650's average target is -24.95% below currents GBX 3531 stock price.
RBC Capital Markets now has a GBX 3750.00 PT on the 2.88B GBP market cap company or 4.31% upside potential. The 52 week high Metro Bank PLC's shares have reached is 3748.05 whilst the 52 week low for the company's shares is 1501. Goldman Sachs has "Neutral" rating and GBX 2070 target.
Net interest margin, banks' crucial measure of the difference between lending and saving rates, declined to 2.02% in the three months to 31 March from 2.03% in the fourth quarter of last year, though was still up on the 1.96% at the start of last year.
Metro Bank said it is confident about delivering a full year of profitability in 2017, and achieving its 2020 guidance.
In contrast to the Metro Bank's success, Santander (LON:BNC) has seen United Kingdom profits fall 8 percent to £354.5 million.
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The company has a 50 day moving average of 3366.81 and a 200 day moving average of 3207.16. The firm's market capitalization is GBX 2.88 billion.
COPYRIGHT VIOLATION WARNING: This story was first published by Chaffey Breeze and is the sole property of of Chaffey Breeze. The original version of this story can be viewed at https://www.chaffeybreeze.com/2017/04/26/metro-bank-plc-mtro-pt-raised-to-gbx-2380-updated.html. Panmure Gordon maintained the shares of MTRO in report on Wednesday, February 22 with "Sell" rating.
In other Metro Bank PLC news, insider Eugene Lockhart sold 10,000 shares of the company's stock in a transaction on Monday, March 13th. The shares were sold at an average price of GBX 3,587 ($45.86), for a total value of £119,554.71 ($152,844.17). Over the last quarter, insiders sold 27,333 shares of company stock worth $95,673,471.
Metro, which added a record 72,000 customer accounts in the period, bringing the tally to 987,000, said it was the first time in its history that growth in deposits has surpassed the £1bn threshold over the course of 12 months. The Bank's principal activities include provision of banking and related services. It offers personal and business banking services. It is focused on retail and small and medium size commercial customers.
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