Secure Trust Bank’s (LON:STB) Buy Rating Reiterated at Canaccord Genuity

Canaccord Genuity restated their buy rating on shares of Secure Trust Bank (LON:STB) in a research note released on Wednesday, October 17th. They currently have a GBX 2,024 ($26.45) price target on the stock.

Other equities research analysts have also issued research reports about the stock. Shore Capital reissued a buy rating on shares of Secure Trust Bank in a report on Wednesday, August 8th. Peel Hunt raised shares of Secure Trust Bank to a hold rating in a research note on Wednesday, October 17th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 2,005 ($26.20).

LON STB traded up GBX 15 ($0.20) on Wednesday, hitting GBX 1,440 ($18.82). The company had a trading volume of 2,824 shares, compared to its average volume of 4,657. Secure Trust Bank has a 12-month low of GBX 1,485.20 ($19.41) and a 12-month high of GBX 2,500 ($32.67).

In other Secure Trust Bank news, insider Michael Bruce Forsyth purchased 1,000 shares of the business’s stock in a transaction on Thursday, October 18th. The shares were bought at an average cost of GBX 1,486 ($19.42) per share, for a total transaction of £14,860 ($19,417.22).

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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