Secure Trust Bank (LON:STB) Hits New 12-Month High – Should You Buy?

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

Analyst Upgrades and Downgrades

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

Secure Trust Bank Price Performance

The business’s 50 day moving average price is GBX 1,373.18 and its 200 day moving average price is GBX 1,373.87. The stock has a market capitalization of £298.67 million, a P/E ratio of 17.91, a price-to-earnings-growth ratio of 0.11 and a beta of 0.96.

About Secure Trust Bank

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.