Secure Trust Bank’s (STB) Buy Rating Reaffirmed at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Secure Trust Bank (LON:STB) in a research note issued to investors on Tuesday morning.

Several other research firms also recently issued reports on STB. Canaccord Genuity restated a buy rating and issued a GBX 2,024 ($26.45) price objective on shares of Secure Trust Bank in a research note on Wednesday, October 17th. Peel Hunt upgraded shares of Secure Trust Bank to a hold rating in a research note on Wednesday, October 17th.

LON STB opened at GBX 1,195 ($15.61) on Tuesday. Secure Trust Bank has a 1 year low of GBX 1,485.20 ($19.41) and a 1 year high of GBX 2,500 ($32.67).

In other Secure Trust Bank news, insider Michael Bruce Forsyth bought 1,000 shares of the firm’s stock in a transaction dated Thursday, October 18th. The stock was acquired at an average price of GBX 1,486 ($19.42) per share, for a total transaction of £14,860 ($19,417.22). Also, insider Paul Anthony Lynam bought 4,012 shares of the firm’s stock in a transaction dated Tuesday, December 18th. The shares were acquired at an average price of GBX 1,240 ($16.20) per share, with a total value of £49,748.80 ($65,005.62). Insiders acquired 6,283 shares of company stock valued at $7,960,660 in the last 90 days.

Secure Trust Bank Company Profile

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.

Featured Story: What is Depreciation?

Receive News & Ratings for Secure Trust Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Secure Trust Bank and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply