Macquarie Lowers Secure Trust Bank Plc (STB) Price Target to GBX 1,720
Secure Trust Bank Plc (LON:STB) had its price objective reduced by stock analysts at Macquarie from GBX 2,323 ($30.04) to GBX 1,720 ($22.25) in a research report issued on Tuesday. The brokerage presently has a “neutral” rating on the stock. Macquarie’s target price points to a potential upside of 0.82% from the stock’s previous close.
A number of other research firms also recently weighed in on STB. Shore Capital restated a “buy” rating on shares of Secure Trust Bank Plc in a research note on Tuesday, June 20th. Canaccord Genuity decreased their price target on Secure Trust Bank Plc from GBX 2,585 ($33.43) to GBX 2,470 ($31.95) and set a “buy” rating for the company in a research note on Tuesday, August 22nd. Finally, Peel Hunt restated an “under review” rating on shares of Secure Trust Bank Plc in a research note on Tuesday, August 22nd. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of GBX 2,268.50 ($29.34).
Secure Trust Bank Plc (STB) opened at 1706.00 on Tuesday. The firm’s 50-day moving average is GBX 1,899.31 and its 200-day moving average is GBX 2,137.60. Secure Trust Bank Plc has a 12 month low of GBX 1,575.00 and a 12 month high of GBX 2,500.00. The firm’s market capitalization is GBX 315.18 million.
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In related news, insider Paul Anthony Lynam purchased 5,890 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was purchased at an average cost of GBX 1,719 ($22.23) per share, for a total transaction of £101,249.10 ($130,948.14).
About Secure Trust Bank Plc
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