Trading Report: Today, Secure Trust Bank Plc (STB) Stock Rating Upgrade by Peel Hunt

Today, Secure Trust Bank Plc (STB) Stock Rating Upgrade by Peel Hunt

Peel Hunt upgraded shares of Secure Trust Bank Plc (LON:STB) to a buy rating in a report published on Wednesday morning. The firm currently has GBX 2,850 ($35.36) price objective on the stock, up from their prior price objective of GBX 2,500 ($31.01).

A number of other analysts have also recently weighed in on the stock. Canaccord Genuity restated a buy rating and issued a GBX 2,585 ($32.07) price target on shares of Secure Trust Bank Plc in a report on Thursday, October 13th. Shore Capital reaffirmed a buy rating on shares of Secure Trust Bank Plc in a research report on Monday, October 10th.

Secure Trust Bank Plc (LON:STB) opened at 2163.00 on Wednesday. Secure Trust Bank Plc has a 52-week low of GBX 1,550.00 and a 52-week high of GBX 3,425.00. The company’s market capitalization is GBX 393.47 million. The firm has a 50 day moving average of GBX 2,294.25 and a 200-day moving average of GBX 2,295.96.

In related news, insider David Nield sold 35,417 shares of the stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of GBX 2,200 ($27.29), for a total value of £779,174 ($966,597.20). Also, insider Michael Bruce Forsyth acquired 100 shares of the firm’s stock in a transaction that occurred on Wednesday, October 12th. The stock was bought at an average cost of GBX 2,400 ($29.77) per share, with a total value of £2,400 ($2,977.30).

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