Shawbrook Group (LON:SHAW) Reaches New 12-Month Low – What’s Next?

Shares of Shawbrook Group plc (LON:SHAW) reached a new 52-week low on Monday. The stock traded as low as GBX 274.50 and last traded at GBX 279.50, with a volume of 140,197 shares. The stock had previously closed at GBX 274.50.

Analysts Set New Price Targets

A number of brokerages recently commented on SHAW. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 610 price objective on shares of Shawbrook Group in a report on Thursday, August 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 475 target price on shares of Shawbrook Group in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Shawbrook Group currently has an average rating of “Buy” and an average price target of GBX 520.

Shawbrook Group Trading Up 3.5%

The firm’s 50 day simple moving average is GBX 303.54 and its 200-day simple moving average is GBX 347.75. The stock has a market capitalization of £1.52 billion and a price-to-earnings ratio of 7.71.

Shawbrook Group (LON:SHAW) last posted its quarterly earnings data on Wednesday, August 5th. The company reported GBX 25.30 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.