Rating To Observe: Peel Hunt Gives Secure Trust Bank PLC (LON:STB) Higher Rating. What Is Next?

November 23, 2016 - By Louis Casey

Secure Trust Bank PLC (LON:STB) Upgrade

Secure Trust Bank PLC (LON:STB)‘s stock was upped to a “Buy” by investment analysts at Peel Hunt, who have a PT of GBX 2850.00 on STB. Peel Hunt’s target is 22.92% from STB’s last price.

Secure Trust Bank Plc (LON:STB) Ratings Coverage

Out of 3 analysts covering Secure Trust Bank (LON:STB), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 4000 is the highest target while GBX 2500 is the lowest. The GBX 2717.50 average target is 17.18% above today’s (GBX 2319) stock price. Secure Trust Bank has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Tuesday, August 9 the stock rating was maintained by Canaccord Genuity with “Buy”. The stock of Secure Trust Bank Plc (LON:STB) earned “Add” rating by Peel Hunt on Monday, October 10. The rating was maintained by Shore Capital with “Buy” on Monday, October 10. The rating was maintained by Peel Hunt on Monday, July 18 with “Buy”. Canaccord Genuity maintained the shares of STB in a report on Tuesday, July 21 with “Buy” rating. The stock of Secure Trust Bank Plc (LON:STB) earned “Buy” rating by Canaccord Genuity on Thursday, October 13. Peel Hunt maintained the stock with “Buy” rating in Friday, May 27 report. Peel Hunt maintained the shares of STB in a report on Wednesday, June 22 with “Buy” rating. Peel Hunt upgraded Secure Trust Bank Plc (LON:STB) on Wednesday, November 23 to “Buy” rating. On Wednesday, July 20 the stock rating was maintained by Canaccord Genuity with “Buy”.

About 8,513 shares traded hands. Secure Trust Bank Plc (LON:STB) has declined 19.70% since April 25, 2016 and is downtrending. It has underperformed by 25.03% the S&P500.

Insitutional Activity: The institutional sentiment increased to 2.27 in 2016 Q2. Its up 1.09, from 1.18 in 2016Q1. The ratio improved, as 12 funds sold all Secure Trust Bank Plc shares owned while 10 reduced positions. 8 funds bought stakes while 18 increased positions. They now own 19.25 million shares or 2.70% more from 18.74 million shares in 2016Q1.

Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in Secure Trust Bank Plc (LON:STB). Moreover, Shell Asset Management has 0% invested in Secure Trust Bank Plc (LON:STB) for 9,127 shares. Fiera Corp accumulated 124,051 shares or 0% of the stock. Vanguard Grp Inc Incorporated, a Pennsylvania-based fund reported 20,697 shares. Park Circle has 642,200 shares for 2.38% of their US portfolio. Goldman Sachs Grp Inc Inc last reported 0% of its portfolio in the stock. Morgan Stanley owns 150,377 shares or 0% of their US portfolio. Gsa Capital Limited Liability Partnership holds 0.02% or 64,850 shares in its portfolio. Great West Life Assurance Com Can accumulated 4,708 shares or 0% of the stock. Scotia Cap Inc has invested 0.06% of its portfolio in Secure Trust Bank Plc (LON:STB). Td Asset Mngmt accumulated 0.02% or 2.33M shares. Moreover, Wells Fargo And Mn has 0% invested in Secure Trust Bank Plc (LON:STB) for 11,939 shares. Moreover, Credit Agricole S A has 0% invested in Secure Trust Bank Plc (LON:STB) for 100,000 shares. Citigroup accumulated 4,569 shares or 0% of the stock. Krasney Finance last reported 11,597 shares in the company.

Secure Trust Bank PLC is engaged in providing banking and financial services. The company has a market cap of 433.69 million GBP. The Company’s principal activity is banking, including deposit taking, and secured and unsecured lending. It has a 23.3 P/E ratio.

According to Zacks Investment Research, “Student Transportation Inc. provides school bus transportation services in the United States and Canada. Its services are delivered by drivers, dispatchers, maintenance technicians and terminal managers. Student Transportation Inc., formerly known as Student Transportation of America, Ltd., is based in Barrie, Canada.”

More news for Secure Trust Bank Plc (LON:STB) were recently published by: Reuters.com, which released: “BRIEF-Secure Trust Bank appoints Chairman” on October 19, 2016. Bloomberg.com‘s article titled: “Secure Trust Falls Most Since IPO; Arbuthnot Cuts Majority Stake” and published on May 27, 2016 is yet another important article.

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