Shawbrook Group (LON:SHAW) Trading Down 2.8% – What’s Next?

by · The Cerbat Gem

Shares of Shawbrook Group plc (LON:SHAW – Get Free Report) traded down 2.8% during mid-day trading on Monday . The stock traded as low as GBX 319.50 and last traded at GBX 334.64. 913,278 shares changed hands during trading, a decline of 54% from the average session volume of 1,964,924 shares. The stock had previously closed at GBX 344.12.

Analysts Set New Price Targets

A number of analysts recently issued reports on SHAW shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 610 target price on shares of Shawbrook Group in a research report on Friday, May 15th. Shore Capital Group reiterated a “buy” rating and issued a GBX 475 price objective on shares of Shawbrook Group in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 542.50.

Get Our Latest Stock Report on Shawbrook Group

Shawbrook Group Price Performance

The business’s 50 day simple moving average is GBX 323.52 and its 200 day simple moving average is GBX 389.75. The company has a market capitalization of £1.74 billion and a price-to-earnings ratio of 9.56.

About Shawbrook Group

(Get Free Report)

Shawbrook Group plc is a lending and savings bank. The Company operates through four segments: Property Finance, Business Finance, Consumer Lending and Central. The Property Finance segment provides mortgages for investors, businesses and personal customers. It serves professional landlords and property traders in residential and commercial asset classes across long-term and shorter-term finance. The Business Finance segment includes propositions, such as the Regional Business Centers that provide finance solutions; Structured Finance proposition, which consists of lending to small and medium enterprise (SME) finance companies, and Specialist Sectors proposition, which consists of leasing and hire purchase finance solutions.

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