Secure Trust Bank (LON:STB) Sets New 1-Year High – What’s Next?

Secure Trust Bank PLC (LON:STB)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 1,630 and last traded at GBX 1,594, with a volume of 177889 shares traded. The stock had previously closed at GBX 1,588.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reissued a “house stock” rating on shares of Secure Trust Bank in a research note on Monday, June 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 1,420.

Secure Trust Bank Price Performance

The firm has a market cap of £298.67 million, a PE ratio of 17.91, a price-to-earnings-growth ratio of 0.11 and a beta of 0.96. The firm has a 50-day simple moving average of GBX 1,373.18 and a 200 day simple moving average of GBX 1,373.87.

Secure Trust Bank Company Profile

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.