Secure Trust Bank Plc 47.2% potential upside indicated by Peel Hunt Limited

Secure Trust Bank Plc with ticker (LON:STB) now has a potential upside of 47.2% according to Peel Hunt Limited.



Peel Hunt Limited set a target price of 989 GBX for the company, which when compared to the Secure Trust Bank Plc share price of 672 GBX at opening today (18/04/2023) indicates a potential upside of 47.2%. Trading has ranged between 608 (52 week low) and 1,361 (52 week high) with an average of 36,417 shares exchanging hands daily. The market capitalisation at the time of writing is £125,649,484.

Secure Trust Bank PLC is a United Kingdom-based retail bank. The Company operates through four segments: Real Estate Finance, Commercial Finance, Vehicle Finance and Retail Finance. Its Real Estate Finance segment is engaged in lending on portfolios of residential property as well as the development of new build property. Commercial Finance segment offers lending, which is predominantly against receivables, that is qualifying invoices under invoice discounting and factoring services. Its Vehicle Finance segment offers hire purchase lending for used cars primarily to prime and near-prime customers, and personal contract purchase lending into the consumer prime credit market, both secured against the vehicle financed. Its Retail Finance segment offers online service to retailers, providing unsecured prime lending products to the United Kingdom customers of its retail partners to facilitate the purchase of a range of consumer products.