Secure Trust Bank’s (STB) “House Stock” Rating Reiterated at Shore Capital Group

Secure Trust Bank (LON:STB)‘s stock had its “house stock” rating reiterated by Shore Capital Group in a research note issued on Thursday,Digital Look reports. They currently have a GBX 2,300 price objective on the stock, up from their prior price objective of GBX 2,200. Shore Capital Group’s target price suggests a potential upside of 44.55% from the stock’s current price.

Secure Trust Bank Stock Performance

Shares of Secure Trust Bank stock opened at GBX 1,591.15 on Thursday. Secure Trust Bank has a 52-week low of GBX 832 and a 52-week high of GBX 1,660. The company’s 50 day moving average price is GBX 1,464.44 and its 200-day moving average price is GBX 1,400.88. The stock has a market capitalization of £294.84 million, a price-to-earnings ratio of 17.88, a P/E/G ratio of 0.11 and a beta of 0.96.

Secure Trust Bank (LON:STB) last announced its quarterly earnings results on Thursday, August 13th. The company reported GBX 126.40 earnings per share for the quarter. Secure Trust Bank had a net margin of 7.95% and a return on equity of 4.70%. As a group, equities research analysts forecast that Secure Trust Bank will post 214.2857143 earnings per share for the current fiscal year.

About Secure Trust Bank

Secure Trust Bank is an established, well‐funded and capitalised UK retail bank with over 70‐years of trading history. Secure Trust Bank operates principally from its head office in Solihull, West Midlands.

The Group’s diversified lending portfolio currently focuses on two sectors:

• Business finance through its Real Estate Finance and Commercial Finance divisions, and
• Consumer finance through its Vehicle Finance and Retail Finance divisions.

Secure Trust Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Secure Trust Bank PLC, Yorke House, Arleston Way, Solihull, B90 4LH.