Shore Capital Reaffirms “Buy” Rating for Secure Trust Bank (LON:STB)

Shore Capital reissued their buy rating on shares of Secure Trust Bank (LON:STB) in a report issued on Wednesday morning, ThisIsMoney.Co.Uk reports.

STB has been the topic of a number of other reports. Peel Hunt reissued a reduce rating on shares of Secure Trust Bank in a report on Wednesday, August 21st. Royal Bank of Canada reissued an underperform rating and set a GBX 1,300 ($16.99) price target on shares of Secure Trust Bank in a report on Thursday, June 20th. Three investment analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. Secure Trust Bank currently has an average rating of Hold and an average price target of GBX 1,403.50 ($18.34).

LON:STB opened at GBX 1,365 ($17.84) on Wednesday. The business’s 50-day simple moving average is GBX 1,287.67 and its two-hundred day simple moving average is GBX 1,406.51. The stock has a market cap of $252.21 million and a PE ratio of 8.45. Secure Trust Bank has a 52 week low of GBX 1,130 ($14.77) and a 52 week high of GBX 1,610 ($21.04).

The company also recently announced a dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, August 29th were issued a GBX 20 ($0.26) dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a dividend yield of 1.52%. Secure Trust Bank’s dividend payout ratio (DPR) is 0.52%.

In other news, insider Michael Bruce Forsyth bought 500 shares of Secure Trust Bank stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of GBX 1,347 ($17.60) per share, with a total value of £6,735 ($8,800.47).

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.

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Analyst Recommendations for Secure Trust Bank (LON:STB)

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