Deutsche Bank Aktiengesellschaft Reaffirms Buy Rating for Shawbrook Group (LON:SHAW)

Shawbrook Group (LON:SHAW)‘s stock had its “buy” rating restated by Deutsche Bank Aktiengesellschaft in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have a GBX 610 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 81.17% from the stock’s previous close.

Several other research analysts have also recently issued reports on SHAW. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 475 price objective on shares of Shawbrook Group in a report on Wednesday, July 8th. Shore Capital Group reissued a “buy” rating and set a GBX 475 target price on shares of Shawbrook Group in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Shawbrook Group currently has an average rating of “Buy” and an average price target of GBX 520.

Shawbrook Group Stock Up 1.1%

Shares of LON SHAW opened at GBX 336.69 on Thursday. The stock has a market cap of £1.75 billion and a P/E ratio of 9.62. The firm’s 50-day simple moving average is GBX 332.43 and its 200 day simple moving average is GBX 364.29. Shawbrook Group has a fifty-two week low of GBX 277.50 and a fifty-two week high of GBX 519.

Shawbrook Group (LON:SHAW) last announced its earnings results on Wednesday, August 5th. The company reported GBX 25.30 earnings per share (EPS) for the quarter.

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.