Secure Trust Bank Plc 64.2% potential upside indicated by Berenberg Bank

Secure Trust Bank Plc with ticker (LON:STB) now has a potential upside of 64.2% according to Berenberg Bank.

STB.L

Berenberg Bank set a target price of 1,420 GBX for the company, which when compared to the Secure Trust Bank Plc share price of 865 GBX at opening today (06/06/2024) indicates a potential upside of 64.2%. Trading has ranged between 550 (52 week low) and 950 (52 week high) with an average of 46,156 shares exchanging hands daily. The market capitalisation at the time of writing is £162,309,949.

Secure Trust Bank PLC is a United Kingdom-based retail bank. The Company’s segments include Real Estate Finance, Commercial Finance, Vehicle Finance and Retail Finance. Real Estate Finance is engaged in lending secured against property assets to a maximum 70% loan-to-value ratio, on fixed or variable rates over a term of up to five years. Commercial Finance is engaged in lending predominantly against receivables, typically releasing 90% of qualifying invoices under invoice discounting facilities. Other assets can also be funded either long or short-term and for a range of loan-to-value ratios alongside these services. Vehicle Finance include hire purchase lending for used cars to prime and near-prime customers and Personal Contract Purchase lending into the consumer prime credit market, both secured against the vehicle financed. Retail Finance provides online e-commerce service to retailers, providing unsecured lending products to prime United Kingdom customers.