Secure Trust Bank Plc (LON:STB) was upgraded by equities researchers at Peel Hunt to a “buy” rating in a research report issued on Wednesday. The firm presently has a GBX 2,850 ($35.61) target price on the stock, up from their previous target price of GBX 2,500 ($31.23). Peel Hunt’s target price suggests a potential upside of 25.41% from the stock’s previous close.

A number of other analysts have also recently issued reports on STB. Canaccord Genuity increased their price objective on shares of Secure Trust Bank Plc from GBX 2,500 ($31.23) to GBX 2,585 ($32.30) and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Shore Capital reaffirmed a “buy” rating on shares of Secure Trust Bank Plc in a research note on Wednesday, September 14th.

Secure Trust Bank Plc (LON:STB) opened at 2272.50 on Wednesday. The company’s market capitalization is GBX 413.39 million. Secure Trust Bank Plc has a 52 week low of GBX 1,550.00 and a 52 week high of GBX 3,425.00. The stock’s 50 day moving average is GBX 2,317.41 and its 200 day moving average is GBX 2,313.50.

In other Secure Trust Bank Plc news, insider Michael Bruce Forsyth acquired 100 shares of the company’s stock in a transaction on Wednesday, October 12th. The stock was acquired at an average cost of GBX 2,400 ($29.99) per share, with a total value of £2,400 ($2,998.50). Also, insider David Nield sold 35,417 shares of Secure Trust Bank Plc stock in a transaction on Monday, November 7th. The stock was sold at an average price of GBX 2,200 ($27.49), for a total transaction of £779,174 ($973,480.76).

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About Secure Trust Bank Plc

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