Secure Trust Bank’s (STB) Buy Rating Reiterated at Canaccord Genuity
Secure Trust Bank (LON:STB)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity in a research report issued on Monday. They currently have a GBX 2,650 ($35.94) price target on the stock. Canaccord Genuity’s target price indicates a potential upside of 48.25% from the company’s previous close.
A number of other research analysts have also recently issued reports on STB. Peel Hunt reiterated a “hold” rating and set a GBX 1,750 ($23.73) price objective on shares of Secure Trust Bank in a report on Friday, September 22nd. Shore Capital reiterated a “buy” rating on shares of Secure Trust Bank in a report on Wednesday, October 18th. Finally, Macquarie reiterated a “neutral” rating and set a GBX 1,800 ($24.41) price objective on shares of Secure Trust Bank in a report on Thursday, November 23rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 2,058.50 ($27.92).
Shares of Secure Trust Bank (LON:STB) traded down GBX 12.50 ($0.17) during midday trading on Monday, hitting GBX 1,787.50 ($24.24). 6,170 shares of the stock were exchanged, compared to its average volume of 780. The firm has a market capitalization of $331.70 and a PE ratio of 1,881.58. Secure Trust Bank has a 52-week low of GBX 1,575 ($21.36) and a 52-week high of GBX 2,500 ($33.90).
About Secure Trust Bank
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