Shawbrook Group (LON:SHAW) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Shawbrook Group plc (LON:SHAW) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 335.40 and traded as low as GBX 312. Shawbrook Group shares last traded at GBX 315.92, with a volume of 3,203,031 shares.

Analysts Set New Price Targets

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

Shawbrook Group Stock Performance

The company has a market cap of £1.70 billion and a price-to-earnings ratio of 9.33. The business has a fifty day moving average price of GBX 335.40 and a 200 day moving average price of GBX 401.67.

Shawbrook Group (LON:SHAW) last released its quarterly earnings data on Thursday, March 12th. The company reported GBX 47 earnings per share for the quarter.

Shawbrook Group Company Profile

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.