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Brokers upbeat on Secure Trust Bank despite economic uncertainty

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The Secure Trust Bank (LON:STB) share price has risen by 24.2% over the past month and it’s currently trading at 1,310p. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.

According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Secure Trust Bank currently has:

  • 2 Buy recommendations

  • 0 Hold recommendations

  • 0 Sell recommendations

This suggests that analysts are generally positive about the outlook.

GET MORE DATA-DRIVEN INSIGHTS INTO LON:STB »

Researching beyond broker forecasts

At its current price of 1,310p, shares in Secure Trust Bank are trading at a discount of -7.75% to its 52 week high price. The 1-year performance of the shares has been 24.8%.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Secure Trust Bank it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Secure Trust Bank that you can find out about here.

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