Published On: Thu, Sep 15th, 2016

Peel Hunt Reiterates “Buy” Rating for Secure Trust Bank Plc (STB)

Secure Trust Bank Plc (LON:STB)‘s stock had its “buy” rating restated by stock analysts at Peel Hunt in a research note issued to investors on Wednesday. They currently have a GBX 2,500 ($33.30) price objective on the stock. Peel Hunt’s price objective suggests a potential upside of 11.86% from the company’s previous close.
Several other brokerages also recently weighed in on STB. Shore Capital restated a “hold” rating on shares of Secure Trust Bank Plc in a report on Friday, May 27th. Canaccord Genuity raised their price target on Secure Trust Bank Plc from GBX 2,500 ($33.30) to GBX 2,585 ($34.43) and gave the company a “buy” rating in a report on Tuesday, August 9th.
Shares of Secure Trust Bank Plc (LON:STB) traded up 0.45% during midday trading on Wednesday, hitting GBX 2235.00. The stock had a trading volume of 33,765 shares. The firm’s market cap is GBX 406.57 million. The stock’s 50 day moving average price is GBX 2,197.72 and its 200 day moving average price is GBX 2,489.01. Secure Trust Bank Plc has a 12 month low of GBX 1,550.00 and a 12 month high of GBX 3,425.00.

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The firm also recently disclosed a dividend, which will be paid on Friday, September 23rd. Investors of record on Thursday, August 25th will be given a dividend of GBX 17 ($0.23) per share. The ex-dividend date is Thursday, August 25th. This represents a dividend yield of 0.86%.
In other Secure Trust Bank Plc news, insider Forsyth,Michael Bruce acquired 1,200 shares of the company’s stock in a transaction that occurred on Tuesday, July 19th. The shares were bought at an average cost of GBX 1,990 ($26.51) per share, with a total value of £23,880 ($31,806.07).

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