Shore Capital restated their buy rating on shares of Secure Trust Bank (LON:STB) in a report issued on Tuesday morning, ThisIsMoney.Co.Uk reports.
Other equities analysts have also issued research reports about the stock. Canaccord Genuity increased their target price on shares of Secure Trust Bank from GBX 1,714 ($22.55) to GBX 1,959 ($25.77) and gave the company a buy rating in a report on Wednesday, January 15th. Peel Hunt reaffirmed a reduce rating and set a GBX 1,300 ($17.10) target price on shares of Secure Trust Bank in a report on Wednesday, January 15th. Finally, Peel Hunt reaffirmed a reduce rating and set a GBX 1,300 ($17.10) target price on shares of Secure Trust Bank in a report on Wednesday, January 15th. Three analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. Secure Trust Bank has a consensus rating of Hold and a consensus price target of GBX 1,464.75 ($19.27).
Shares of LON:STB opened at GBX 790 ($10.39) on Tuesday. The company’s fifty day moving average price is GBX 1,285.80 and its 200-day moving average price is GBX 1,403.03. The firm has a market capitalization of $153.64 million and a price-to-earnings ratio of 4.89. Secure Trust Bank has a one year low of GBX 680 ($8.95) and a one year high of GBX 1,730 ($22.76).
In related news, insider Paul Anthony Lynam sold 103,680 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of GBX 1,550 ($20.39), for a total transaction of £1,607,040 ($2,113,970.01).
About Secure Trust Bank
Secure Trust Bank PLC provides retail banking products and services in the United Kingdom. It operates in seven segments: Real Estate Finance, Asset Finance, Commercial Finance, Personal Lending, Motor Finance, Retail Finance, and Consumer Mortgages. The Real Estate Finance segment provides finance for commercial and residential real estate developments and investments, as well as for mixed development projects.
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