Secure Trust Bank (LON:STB) Receives “Buy” Rating from Shore Capital

Shore Capital reaffirmed their buy rating on shares of Secure Trust Bank (LON:STB) in a report issued on Friday, Analyst Ratings Network reports.

Several other equities analysts also recently commented on the stock. Peel Hunt reaffirmed a buy rating and set a GBX 1,587 ($21.54) price objective on shares of Secure Trust Bank in a research note on Wednesday, November 3rd. reissued a buy rating and issued a GBX 1,848 ($25.08) price target on shares of Secure Trust Bank in a research note on Thursday, November 4th. Finally, Peel Hunt reissued a buy rating and issued a GBX 1,587 ($21.54) price target on shares of Secure Trust Bank in a research note on Wednesday, November 3rd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Secure Trust Bank currently has a consensus rating of Buy and a consensus target price of GBX 1,730.25 ($23.49).

Secure Trust Bank stock opened at GBX 1,377.50 ($18.70) on Friday. The company has a market capitalization of £256.88 million and a PE ratio of 6.89. The firm has a fifty day simple moving average of GBX 1,302.26 and a two-hundred day simple moving average of GBX 1,243.52. Secure Trust Bank has a twelve month low of GBX 870 ($11.81) and a twelve month high of GBX 1,420 ($19.28).

About Secure Trust Bank

Secure Trust Bank PLC provides banking and financial products and services in the United Kingdom. It operates in seven segments: Real Estate Finance, Asset Finance, Commercial Finance, Motor Finance, Retail Finance, Debt Management, and Consumer Mortgages. The Real Estate Finance segment provides loans for residential and commercial investment and development, as well as for mixed development projects.

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