Metro Bank (LON:MTRO) Shares Pass Below Fifty Day Moving Average of $102.10

Shares of Metro Bank PLC (LON:MTRO – Get Rating) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 102.10 ($1.27) and traded as low as GBX 100 ($1.24). Metro Bank shares last traded at GBX 105 ($1.31), with a volume of 297,032 shares traded.

Analysts Set New Price Targets

Separately, Barclays reiterated an “underweight” rating and set a GBX 70 ($0.87) price objective on shares of Metro Bank in a research report on Monday, March 6th.

Metro Bank Trading Down 4.6 %

The company’s 50-day simple moving average is GBX 101.71 and its 200-day simple moving average is GBX 114.55. The stock has a market capitalization of £177.74 million, a price-to-earnings ratio of -251.22 and a beta of 2.06.

Metro Bank Company Profile

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Metro Bank PLC, together with its subsidiaries, provides retail and commercial banking services in the United Kingdom. The company offers personal banking products and services, including current, cash, and savings accounts; residential mortgages; credit cards and personal loans; pet insurance; and safe deposit box services.