Secure Trust Bank (LON:STB) Sets New 52-Week Low – Time to Sell?

Secure Trust Bank PLC (LON:STB)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 365 ($4.58) and last traded at GBX 367 ($4.60), with a volume of 114268 shares trading hands. The stock had previously closed at GBX 384 ($4.81).

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on STB shares. Shore Capital reissued a “house stock” rating on shares of Secure Trust Bank in a research note on Wednesday, October 16th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,420 ($17.80) price target on shares of Secure Trust Bank in a research note on Wednesday, August 14th.

Secure Trust Bank Trading Down 3.0 %

The business has a fifty day simple moving average of GBX 679.24 and a two-hundred day simple moving average of GBX 767.41. The company has a market cap of £67.11 million, a PE ratio of 259.85, a price-to-earnings-growth ratio of 0.11 and a beta of 0.87.

Insider Buying and Selling at Secure Trust Bank

In other news, insider Rachel Lawrence acquired 4,094 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were bought at an average price of GBX 486 ($6.09) per share, for a total transaction of £19,896.84 ($24,942.76). 14.85% of the stock is currently owned by insiders.

About Secure Trust Bank

Secure Trust Bank PLC provides banking and financial products and services in the United Kingdom. It operates through four segments: Real Estate Finance, Commercial Finance, Vehicle Finance, and Retail Finance. The Real Estate Finance segment provides secured loans against property assets. The Commercial Finance segment provides invoice discounting solutions, coronavirus business interruption loan scheme, and recovery loan schemes.