Secure Trust Bank (LON:STB) Given “Buy” Rating at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Secure Trust Bank (LON:STB) in a research report sent to investors on Friday morning, Analyst Price Targets reports. Canaccord Genuity Group currently has a GBX 1,899 ($25.78) target price on the stock.

A number of other equities analysts have also recently issued reports on STB. Peel Hunt restated a buy rating and set a GBX 1,587 ($21.54) target price on shares of Secure Trust Bank in a report on Wednesday, November 3rd. Peel Hunt restated a buy rating and set a GBX 1,587 ($21.54) target price on shares of Secure Trust Bank in a report on Wednesday, November 3rd. Shore Capital reaffirmed a buy rating on shares of Secure Trust Bank in a research report on Friday. Finally, reaffirmed a buy rating and set a GBX 1,848 ($25.08) price target on shares of Secure Trust Bank in a research report on Thursday, November 4th. Five investment analysts have rated the stock with a buy rating, According to 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).

Shares of STB opened at GBX 1,377.50 ($18.70) on Friday. Secure Trust Bank has a 1 year low of GBX 870 ($11.81) and a 1 year high of GBX 1,420 ($19.28). The stock has a market cap of £256.88 million and a P/E ratio of 6.89. The stock’s 50-day moving average price is GBX 1,302.26 and its two-hundred day moving average price is GBX 1,243.52.

Secure Trust Bank Company Profile

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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