Is now the right time to buy METRO BANK Shares (MTRO)

Share in Metro Bank (MTRO) seem to be flying recently with a clear bullish trend.

Metro bank has had its share of bad like in part of its own making. But things are looking bright for Metro Bank as it leaves behind its past owes and focuses on the future of banking.

At the close of trading 14 Feb 2023, UK listed Metro Bank PLC was £1.53.20 up 4.64% on the previous first day of the week trading 13 Feb 2023.

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Over the last 6 months, MTRO is up a huge 76.29%. If you’ve read any of Tabstocks articles on Metro Bank stock you would know we had high hope for this stock.

This has not changed and we expect Metro Bank shares to continue to climb as it business model furthers its dominates in the retail banking space.

It’s difficult to predict how how the share price in Metro Bank could reach, but for sure given the takeover interest that loomed last year 2022, we can expect a rerate based on further interest in 2023 coupled with the growth in profits and the new direction the business is heading in.

It has only been a few years since the stock floated and as well as the regulation issues it faced, it was was hit hard by the pandemic crash.

Nonetheless, always on its side was the huge upside recovery that was possible should things go well – which they seem to be at present.

The FTSE is rocketing, reaching 8,000 14/15 Feb 2023 and this gives added confidence to the banking sector.

Metro Bank PLC seems to have turned a corner and in my view, now could very well be a good time to invest in MTRO shares.

The upside potential is still huge and if you’re prepared to wait it out over the long term this stock could be a winner for your investing portfolio.

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