Shares in Metro Bank PLC (MTRO.L) have fallen dramatically from recent highs of 2202.0p. Will it continue, or is this an opportunity to pick up a bargain?

• Now trading at 188.3p (at time of writing). A return to previous highs would represent a rise of 1069%.
• This stock is one of the most significant fallers in the period.
• Is the trend your friend, or is a bounce imminent?
• The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
• Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
• Shares -91% from 12-month highs; +13% from 12 month lows.

Latest News

22 Nov:  RBC Capital Markets reiterates its sector performer rating on Metro Bank (MTRO) and increased the target price to 410p (from 370p).

25 Oct:  HSBC reiterates its hold rating on Metro Bank (MTRO) and increased the target price to 190p (from 180p).

24 Oct:  RBC Capital Markets reiterates its sector performer rating on Metro Bank (MTRO) and reduced the target price to 370p (from 520p).

24 Oct:  Barclays Capital reiterates its underweight rating on Metro Bank (MTRO) and reduced the target price to 150p (from 200p).

23 Oct:  Metro Bank stated that founder and chairman Vernon Hill would leave his role immediately.  He will remain a non-Executive Director until 31 December.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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