Shawbrook Group (LON:SHAW) Sets New 12-Month Low – Here’s Why

Shawbrook Group plc (LON:SHAW)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 277.50 and last traded at GBX 292.50, with a volume of 381278 shares changing hands. The stock had previously closed at GBX 303.50.

Analyst Ratings Changes

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

Shawbrook Group Trading Down 3.6%

The stock’s 50 day moving average price is GBX 332.95 and its two-hundred day moving average price is GBX 400.67. The firm has a market capitalization of £1.52 billion and a PE ratio of 8.36.

Shawbrook Group (LON:SHAW) last issued 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.