Shawbrook Group (LON:SHAW) Shares Down 2.8% – Here’s Why

Shawbrook Group plc (LON:SHAW)’s stock price traded down 2.8% on Monday . The stock traded as low as GBX 319.50 and last traded at GBX 334.64. 913,278 shares were traded during mid-day 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

Several analysts have issued reports on SHAW shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 610 price target on shares of Shawbrook Group in a research report on Friday, May 15th. Shore Capital Group restated a “buy” rating and set a GBX 475 price objective on shares of Shawbrook Group in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Shawbrook Group currently has a consensus rating of “Buy” and a consensus target price of GBX 542.50.

Shawbrook Group Stock Performance

The firm has a fifty day simple moving average of GBX 321.79 and a 200-day simple moving average of GBX 388.22. The firm has a market cap of £1.77 billion and a price-to-earnings ratio of 9.71.

About Shawbrook Group

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.