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Pin to quick picksMetro Bank Share News (MTRO)

Share Price Information for Metro Bank (MTRO)

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Berenberg slashes target for Metro Bank, but upgrades to 'hold'

Mon, 11th Feb 2019 10:06

(Sharecast News) - Analysts at Berenberg upgraded shares of British challenger bank Metro Bank to 'hold' from their previous 'sell' rating on Monday, explaining that while near-term pressure might continue, the stock was now "fairly valued".Berenberg, which slashed its target for the shares by more than half, from 2,500p to 1,200p, said Metro's mandate to prioritise growth over near-term returns had been eroded, with the bank now trading at roughly 1.0x tangible book value versus the more than 3.0x it traded at in 2018.That followed a surprise jump in its risk-weighted assets over the final three months of 2018.The German broker stated that near-term growth at Metro would likely be reliant on external capital, so expectations for Metro's returns needed to be re-based in order to "re-establish confidence", as was now more the case following the share price drop.Berenberg also said Metro's unexpected level of risk-weighted assets created a "capital conundrum".So while there have been calls for the bank to pause growth and avoid costly new capital, Berenberg said that "not growing is not an option"."Without growth, Metro would arguably continue to generate just £50m of earnings pa which, even on a 10-15x multiple, implies c40-60% downside to the current share price," said analyst Peter Richardson.Richardson also noted that Metro's value relied on its ability to meet long-dated targets, something for which investor confidence was "paramount".All in all, Berenberg said: "The reduction to our price target reflects greater dilution from addition near-term capital and a lower issuance price for future capital."Our FY 2018 EPS estimates fall 26%, reflecting disappointing Q4 2018 growth. Our estimates from FY 2019 are also affected by £150m of capital that we believe may be required during FY 2019."
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2 Mar 2023 09:29

Metro Bank narrows full-year losses

(Sharecast News) - Metro Bank reported a narrowing of its annual losses on Thursday as it benefited from a rise in interest rates.

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23 Feb 2023 15:54

UK earnings, trading statements calendar - next 7 days

Friday 24 February 
ASA International Group PLCTrading Statement
CVS Group PLCHalf Year Results
European Opportunities Trust PLCHalf Year Results
Grit Real Estate Income Group LtdHalf Year Results
Irish Residential Properties REIT PLCFull Year Results
International Consolidated Airlines Group SAFull Year Results
Jupiter Fund Management PLCFull Year Results
Monday 27 February 
Associated British Foods PLCTrading Statement
Beeks Financial Cloud Group PLCHalf Year Results
Bunzl PLCFull Year Results
Centralnic Group PLCFull Year Results
Dechra Pharmaceuticals PLCHalf Year Results
DX Group PLCHalf Year Results
GlobalData PLCFull Year Results
Greencoat Renewables PLCFull Year Results
Kosmos Energy LtdFull Year Results
Quartix Technologies PLCFull Year Results
RHI Magnesita NVFull Year Results
Senior PLCFull Year Results
Tuesday 28 February 
abrdn PLCFull Year Results
Benchmark Holdings PLCQ1 Results
Bluefield Solar Income Fund LtdHalf Year Results
boohoo Group PLCFull Year Results
Cap-XX LtdHalf Year Results
Croda International PLCFull Year Results
Dalata Hotel Group PLCFull Year Results
Derwent London PLCFull Year Results
Hutchmed (China) LtdFull Year Results
Intertek Group PLCFull Year Results
Kitwave Group PLCFull Year Results
Man Group PLCFull Year Results
McBride PLCHalf Year Results
Morgan Advanced Materials PLCFull Year Results
Ocado Group PLCFull Year Results
Princess Private Equity Holding LtdFull Year Results
Rotork PLCFull Year Results
Serco Group PLCFull Year Results
St James's Place PLCFull Year Results
S-Ventures PLCFull Year Results
Travis Perkins PLCFull Year Results
Uniphar PLCFull Year Results
Unite Group PLCFull Year Results
Videndum PLCFull Year Results
XP Power LtdFull Year Results
Wednesday 1 March 
Aston Martin Lagonda Global Holdings PLCFull Year Results
Capital & Counties Properties PLCFull Year Results
GetBusy PLCFull Year Results
Glenveagh Properties PLCFull Year Results
Global Invacom Group LtdFull Year Results
Haydale Graphene Industries PLCHalf Year Results
International Personal Finance PLCFull Year Results
Nichols PLCFull Year Results
Permanent TSB Group Holdings PLCFull Year Results
Persimmon PLCFull Year Results
Rathbones Group PLCFull Year Results
Reckitt Benckiser Group PLCFull Year Results
Ricardo PLCHalf Year Results
Weir Group PLCFull Year Results
Thursday 2 March 
Alfa Financial Software Holdings PLCFull Year Results
Apax Global Alpha LtdFull Year Results
Beazley PLCFull Year Results
Brooks Macdonald Group PLCHalf Year Results
Cairn Homes PLCFull Year Results
Capita PLCFull Year Results
Capital & Regional PLCFull Year Results
Coats Group PLCFull Year Results
CRH PLCFull Year Results
Flutter Entertainment PLCFull Year Results
Funding Circle Holdings PLCFull Year Results
Grafton Group PLCFull Year Results
Haleon PLCFull Year Results
Hunting PLCFull Year Results
ITV PLCFull Year Results
London Stock Exchange Group PLCFull Year Results
Melrose Industries PLCFull Year Results
Metro Bank PLCFull Year Results
National Express Group PLCFull Year Results
PPHE Hotel Group LtdFull Year Results
Schroder AsiaPacific Fund PLCFull Year Results
Schroders PLCFull Year Results
Spire Healthcare Group PLCFull Year Results
Taylor Wimpey PLCFull Year Results
Tritax Big Box REIT PLCFull Year Results
Tyman PLCFull Year Results
Vesuvius PLCFull Year Results
  
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22 Jan 2023 19:47

Sunday newspaper round-up: Coal-fired power plants, Metro Bank, Asda

(Sharecast News) - National Grid has called on coal-fired power plants to prepare to supply power on Monday given that temperatures are expected to remain near zero even as wind speeds remain low. The notifications that they should be ready - if needed - were served to three coal units owned by Drax and EdF. The plants had been scheduled to close in September but that decision was pushed back until 2024 due to soaring gas prices in the wake of Russia's war on Ukraine. According to Bloomberg data, UK futures remain at over the twice the level typically seen at this time of the year. - The Sunday Telegraph

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21 Dec 2022 10:38

SMALL-CAP WINNERS & LOSERS: JPMorgan China falls on NY-listed holdings

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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21 Dec 2022 09:42

LONDON BROKER RATINGS: RBC raises price targets for bank shares

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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12 Dec 2022 12:20

LONDON MARKET MIDDAY: Stocks down as recession UK fear remains

(Alliance News) - Stock prices in London were in the red at midday on Monday after a positive reading on the health of the UK economy failed to alleviate worry about impending recession.

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12 Dec 2022 10:51

FCA fines Metro Bank, two ex-directors for misinformation to investors

(Alliance News) - The UK Financial Conduct Authority on Monday said it has fined Metro Bank PLC and two of its former directors for publishing incorrect information to investors.

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12 Dec 2022 07:23

Metro Bank fined £10m for 2018 breach of FCA rules

(Sharecast News) - The Financial Conduct Authority has fined Metro Bank £10m for breaching the listing rules by publishing incorrect information to investors, it announced on Monday.

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9 Dec 2022 12:49

Metro Bank agrees adjustment for Tier 2 notes with Bank of England

(Alliance News) - Metro Bank PLC on Friday said it has agreed to a temporary adjustment of its existing GBP250 million 5.5% tier 2 notes conditional upon the establishment of a holding company.

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7 Dec 2022 21:25

TRADING UPDATES: Ryanair extends CEO contract; Sovereign eye demerger

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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7 Nov 2022 09:42

LONDON BROKER RATINGS: Goldman cuts Shell; Redburn likes BAE Systems

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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2 Nov 2022 17:00

LONDON MARKET CLOSE: Stocks largely lower ahead of US Fed rate hike

(Alliance News) - Blue-chip European equities closed in the red on Wednesday, with poor manufacturing data and fading hopes of an end to zero-Covid measures in China doing little to lift the mood ahead of a Federal Reserve interest rate decision.

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2 Nov 2022 11:58

Metro Bank returns to profit in September, ahead of guidance

(Alliance News) - Metro Bank PLC on Wednesday as it was profitable on both an underlying and statutory basis in September, ahead of previous guidance.

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2 Nov 2022 11:25

IN BRIEF: Impact Healthcare REIT extends revolving credit facility

Impact Healthcare REIT PLC - London-based real estate investment trust with a portfolio of UK healthcare real estate assets, namely care homes - Secures a GBP25 million extension to its existing revolving credit facility with HSBC UK Bank PLC. The expansion is on the same terms as its existing revolving credit facility and takes the total facility with HSBC to GBP75 million. Impact says the extension increases its headroom by GBP10 million. Company also cancels the GBP15 million revolving credit facility element of its facility with Metro Bank PLC.

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2 Nov 2022 11:05

SMALL-CAP WINNERS & LOSERS: Metro Bank rises on resilient outlook

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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