Secure Trust Bank Plc (LON:STB) Given Buy Rating at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Secure Trust Bank Plc (LON:STB) in a research report sent to investors on Wednesday, October 18th.

A number of other brokerages also recently weighed in on STB. Canaccord Genuity dropped their price objective on Secure Trust Bank Plc from GBX 2,585 ($34.00) to GBX 2,470 ($32.49) and set a buy rating on the stock in a research report on Tuesday, August 22nd. Macquarie dropped their price objective on Secure Trust Bank Plc from GBX 2,323 ($30.55) to GBX 1,720 ($22.62) and set a neutral rating on the stock in a research report on Tuesday, August 29th. Finally, Peel Hunt reissued a hold rating and issued a GBX 1,750 ($23.02) price target on shares of Secure Trust Bank Plc in a report on Friday, September 22nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of GBX 1,993.50 ($26.22).

Secure Trust Bank Plc (LON:STB) traded up GBX 15 ($0.20) on Wednesday, hitting GBX 1,855 ($24.40). The stock had a trading volume of 2,000 shares.

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In related news, insider Paul Anthony Lynam purchased 5,890 shares of Secure Trust Bank Plc stock in a transaction that occurred on Wednesday, August 23rd. The stock was bought at an average cost of GBX 1,719 ($22.61) per share, for a total transaction of £101,249.10 ($133,169.93).

About Secure Trust Bank Plc

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