Will Secure Trust Bank Plc Short Squeeze Soon?

 Will Secure Trust Bank Plc Short Squeeze Soon?

The stock of Secure Trust Bank Plc (LON:STB) is a huge mover today! The stock increased 2.43% or GBX 50 on November 10, hitting GBX 2110. About 4,578 shares traded hands. Secure Trust Bank Plc (LON:STB) has declined 26.61% since April 13, 2016 and is downtrending. It has underperformed by 32.26% the S&P500.
The move comes after 9 months negative chart setup for the GBX 383.85M company. It was reported on Nov, 10 by Barchart.com. We have GBX 1814.60 PT which if reached, will make LON:STB worth GBX 53.74 million less.

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. Secure Trust Bank has been the topic of 16 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Tuesday, August 9, the company rating was maintained by Canaccord Genuity. Canaccord Genuity maintained Secure Trust Bank Plc (LON:STB) rating on Thursday, March 17. Canaccord Genuity has “Buy” rating and GBX 4000 price target. Peel Hunt maintained Secure Trust Bank Plc (LON:STB) on Monday, July 18 with “Buy” rating. The stock has “Buy” rating given by Shore Capital on Wednesday, September 14. The stock of Secure Trust Bank Plc (LON:STB) has “Buy” rating given on Tuesday, July 21 by Canaccord Genuity. The stock of Secure Trust Bank Plc (LON:STB) has “Buy” rating given on Friday, May 27 by Peel Hunt. The stock of Secure Trust Bank Plc (LON:STB) earned “Buy” rating by Canaccord Genuity on Thursday, October 15. The firm has “Buy” rating by Peel Hunt given on Wednesday, September 14. The firm has “Buy” rating by Shore Capital given on Monday, October 10. The stock of Secure Trust Bank Plc (LON:STB) earned “Buy” rating by Canaccord Genuity on Thursday, October 13.

Another recent and important Secure Trust Bank Plc (LON:STB) news was published by Bloomberg.com which published an article titled: “Secure Trust Falls Most Since IPO; Arbuthnot Cuts Majority Stake” on May 27, 2016.

Secure Trust Bank PLC is engaged in providing banking and financial services. The company has a market cap of 383.85 million GBP. The Company’s principal activity is banking, including deposit taking, and secured and unsecured lending. It has a 21.2 P/E ratio.

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