Peel Hunt Reaffirms “Hold” Rating for Secure Trust Bank (STB)

Peel Hunt reiterated their hold rating on shares of Secure Trust Bank (LON:STB) in a research report sent to investors on Friday morning.

Several other research analysts have also recently weighed in on the company. Canaccord Genuity restated a buy rating and set a GBX 2,024 ($26.45) target price on shares of Secure Trust Bank in a report on Wednesday, October 17th. Shore Capital restated a buy rating on shares of Secure Trust Bank in a report on Wednesday, October 17th.

Shares of Secure Trust Bank stock opened at GBX 1,380 ($18.03) on Friday. Secure Trust Bank has a 1 year low of GBX 1,485.20 ($19.41) and a 1 year high of GBX 2,500 ($32.67).

In related news, insider Michael Bruce Forsyth bought 1,000 shares of the stock in a transaction dated Thursday, October 18th. The shares were acquired at an average cost of GBX 1,486 ($19.42) per share, for a total transaction of £14,860 ($19,417.22).

Secure Trust Bank Company Profile

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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