Shore Capital Group Reiterates “House Stock” Rating for Secure Trust Bank (LON:STB)

Secure Trust Bank (LON:STB)‘s stock had its “house stock” rating reaffirmed by analysts at Shore Capital Group in a research report issued to clients and investors on Thursday,Digital Look reports. They presently have a GBX 2,300 target price on the stock, up from their prior target price of GBX 2,200. Shore Capital Group’s target price points to a potential upside of 44.55% from the stock’s previous close.

Secure Trust Bank Trading Up 1.5%

Shares of LON STB opened at GBX 1,591.15 on Thursday. The firm has a fifty day simple moving average of GBX 1,464.44 and a two-hundred day simple moving average of GBX 1,400.88. Secure Trust Bank has a 12 month low of GBX 832 and a 12 month high of GBX 1,660. The firm has a market capitalization of £294.84 million, a PE ratio of 17.88, a price-to-earnings-growth ratio of 0.11 and a beta of 0.96.

Secure Trust Bank (LON:STB) last announced its earnings results on Thursday, August 13th. The company reported GBX 126.40 earnings per share for the quarter. Secure Trust Bank had a net margin of 7.95% and a return on equity of 4.70%. On average, sell-side analysts predict that Secure Trust Bank will post 214.2857143 earnings per share for the current year.

About Secure Trust Bank

Secure Trust Bank is an established, well?funded and capitalised UK retail bank with over 70?years of trading history. Secure Trust Bank operates principally from its head office in Solihull, West Midlands.

The Group’s diversified lending portfolio currently focuses on two sectors:

• Business finance through its Real Estate Finance and Commercial Finance divisions, and
• Consumer finance through its Vehicle Finance and Retail Finance divisions.

Secure Trust Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Secure Trust Bank PLC, Yorke House, Arleston Way, Solihull, B90 4LH.