Secure Trust Bank (LON:STB) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Posted by Tech Dows on Nov 17th, 2024

Secure Trust Bank PLC (LON:STB – Get Free Report)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 778.07 ($9.81) and traded as low as GBX 400.13 ($5.04). Secure Trust Bank shares last traded at GBX 408 ($5.14), with a volume of 53,551 shares traded.

Wall Street Analyst Weigh In

STB has been the topic of a number of research analyst reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,420 ($17.90) price target on shares of Secure Trust Bank in a research report on Wednesday, August 14th. Shore Capital restated a “house stock” rating on shares of Secure Trust Bank in a report on Wednesday, October 16th.

Check Out Our Latest Report on Secure Trust Bank

Secure Trust Bank Trading Up 1.5 %

The stock’s 50 day moving average is GBX 715.30 and its two-hundred day moving average is GBX 776.60. The stock has a market capitalization of £76.91 million, a price-to-earnings ratio of 297.81, a price-to-earnings-growth ratio of 0.11 and a beta of 0.87.

Insider Buying and Selling

In other Secure Trust Bank news, insider Rachel Lawrence bought 4,094 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average price of GBX 486 ($6.12) per share, with a total value of £19,896.84 ($25,074.78). Also, insider Jim Brown purchased 12,600 shares of the stock in a transaction on Tuesday, August 20th. The stock was acquired at an average price of GBX 860 ($10.84) per share, for a total transaction of £108,360 ($136,559.55). 14.85% of the stock is owned by corporate insiders.

About Secure Trust Bank

(Get Free Report)

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.