Shawbrook Group (LON:SHAW) Share Price Breaks Below Fifty Day Moving Average – What’s Next?

Shawbrook Group plc (LON:SHAW) crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 320.08 and traded as low as GBX 294. Shawbrook Group shares last traded at GBX 298.50, with a volume of 221,909 shares traded.

Analyst Ratings Changes

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

Shawbrook Group Stock Down 2.6%

The firm has a market cap of £1.47 billion and a price-to-earnings ratio of 7.43. The stock’s 50 day moving average is GBX 319.11 and its 200 day moving average is GBX 328.02.

Shawbrook Group (LON:SHAW) last issued its quarterly 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.