Secure Trust Bank Plc (STB) Downgraded by Peel Hunt
Secure Trust Bank Plc (LON:STB) was downgraded by analysts at Peel Hunt to an “add” rating in a research report issued to clients and investors on Monday. They currently have a GBX 2,500 ($30.94) target price on the stock. Peel Hunt’s price target points to a potential upside of 8.32% from the stock’s current price.
Other equities analysts also recently issued research reports about the stock. Shore Capital reissued a “buy” rating on shares of Secure Trust Bank Plc in a research note on Wednesday, September 14th. Canaccord Genuity raised their target price on shares of Secure Trust Bank Plc from GBX 2,500 ($30.94) to GBX 2,585 ($31.99) and gave the company a “buy” rating in a research note on Tuesday, August 9th.
Secure Trust Bank Plc (LON:STB) traded down 2.41% during trading on Monday, reaching GBX 2308.00. 3,505 shares of the company’s stock traded hands. Secure Trust Bank Plc has a 1-year low of GBX 1,550.00 and a 1-year high of GBX 3,425.00. The stock’s market capitalization is GBX 419.85 million. The stock has a 50-day moving average price of GBX 2,277.46 and a 200 day moving average price of GBX 2,421.46.
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The firm also recently announced a dividend, which was paid on Friday, September 23rd. Stockholders of record on Thursday, August 25th were paid a GBX 17 ($0.21) dividend. This represents a dividend yield of 0.86%. The ex-dividend date was Thursday, August 25th.
In other news, insider Forsyth,Michael Bruce purchased 1,200 shares of the company’s stock in a transaction that occurred on Tuesday, July 19th. The shares were purchased at an average price of GBX 1,990 ($24.63) per share, with a total value of £23,880 ($29,554.46).
About Secure Trust Bank Plc
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