Secure Trust Bank Plc (STB) Downgraded by Peel Hunt
Secure Trust Bank Plc (LON:STB) was downgraded by equities researchers at Peel Hunt to an “add” rating in a research note issued to investors on Monday. They presently have a GBX 2,500 ($32.63) target price on the stock. Peel Hunt’s price objective would indicate a potential upside of 5.71% from the stock’s previous close.
Several other research firms have also weighed in on STB. Canaccord Genuity boosted their target price on shares of Secure Trust Bank Plc from GBX 2,500 ($32.63) to GBX 2,585 ($33.74) and gave the company a “buy” rating in a research note on Tuesday, August 9th. Shore Capital reissued a “buy” rating on shares of Secure Trust Bank Plc in a report on Wednesday, September 14th.
Secure Trust Bank Plc (LON:STB) opened at 2384.50 on Monday. The stock’s market capitalization is GBX 433.76 million. The firm’s 50-day moving average is GBX 2,272.31 and its 200 day moving average is GBX 2,430.90. Secure Trust Bank Plc has a 12-month low of GBX 1,550.00 and a 12-month high of GBX 3,425.00.
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The company also recently declared a dividend, which was paid on Friday, September 23rd. Stockholders of record on Thursday, August 25th were issued a dividend of GBX 17 ($0.22) per share. This represents a dividend yield of 0.86%. The ex-dividend date of this dividend was Thursday, August 25th.
In other news, insider Forsyth,Michael Bruce purchased 1,200 shares of Secure Trust Bank Plc stock in a transaction dated Tuesday, July 19th. The stock was bought at an average price of GBX 1,990 ($25.98) per share, with a total value of £23,880 ($31,170.87).
Secure Trust Bank Plc Company Profile
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