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London: Secure Trust Bank (LON:STB) Rating Upped to Buy at Shore Capital

Shore Capital Analyst Rating Change Secure Trust Bank LON:STB

Secure Trust Bank (LON:STB) Upgrade

Shore Capital gave Secure Trust Bank (LON:STB) shares a new Buy rating in analysts report issued to clients on Tuesday, 19 July.

According to data compiled by Thomson Reuters, Secure Trust Bank (LON:STB)’s stock is covered by 3 equity analysts across the Street, with 0 analysts giving it a Sell rating, 3 a Buy rating, while 1 consider it a Hold. The 12-month consensus target price for the stock is GBX 3533.33, which reflects an upside potential of 75.59% over the current price.

LON:STB Price Chart & Trend

The stock price of Secure Trust Bank nosedived 33.6% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, Secure Trust Bank is down 32.7% and down 34.1%, respectively. Our stocks momentum model is shown on the price chart below. London: Secure Trust Bank (LON:STB) Rating Upped to Buy at Shore Capital

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

STB Stock Chart

Secure Trust Bank (LON:STB) Profile

Secure Trust Bank PLC is engaged in providing banking and financial services. The Company’s principal activity is banking, including deposit taking, and secured and unsecured lending. The Company’s segments include Business finance, including Real Estate Finance, which offers buy-to-let and development loans secured by the United Kingdom real estate; Asset Finance, which offers loans to small and medium sized enterprises to acquire commercial assets, and Commercial Finance, which includes invoice discounting and invoice financing; Consumer finance, including Personal lending, which provides unsecured consumer loans sold to customers through brokers and affinity partners; Motor finance, which hires purchase agreements secured against the vehicle being financed, and Retail finance, which includes point of sale unsecured finance for in-store and online retailers, and Other, including Current account, OneBill, Pay4later, Rentsmart and debt collection.

Secure Trust Bank (LON:STB) traded up 6.02% on 19 July, hitting GBX 2012.27. A total of 16,298 shares of the company’s stock traded hands. This is down from average of 37,369 shares. Secure Trust Bank has a 52 week low of GBX 1550.00 and a 52 week high of GBX 3425. The company has a market cap of 376.38 million GBX and a P/E ratio of 19.33.

Get the latest Secure Trust Bank (LON:STB) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post London: Secure Trust Bank (LON:STB) Rating Upped to Buy at Shore Capital appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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