Secure Trust Bank (STB) Rating Reiterated by Canaccord Genuity
Secure Trust Bank (LON:STB)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity in a research report issued to clients and investors on Wednesday. They presently have a GBX 2,024 ($26.45) target price on the stock. Canaccord Genuity’s price objective indicates a potential upside of 33.38% from the company’s current price.
A number of other research firms have also commented on STB. Shore Capital reaffirmed a “buy” rating on shares of Secure Trust Bank in a research report on Wednesday, July 18th. Peel Hunt lowered their price target on shares of Secure Trust Bank from GBX 1,600 ($20.91) to GBX 1,550 ($20.25) and set a “reduce” rating on the stock in a research report on Wednesday, August 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 2,005 ($26.20).
LON STB opened at GBX 1,517.50 ($19.83) on Wednesday. Secure Trust Bank has a 52-week low of GBX 1,485.20 ($19.41) and a 52-week high of GBX 2,500 ($32.67).
About Secure Trust Bank
Secure Trust Bank PLC provides retail banking products and services in the United Kingdom. It operates in six segments: Real Estate Finance, Asset Finance, Commercial Finance, Personal Lending, Motor Finance, and Retail Finance. 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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