Shawbrook Group (LON:SHAW) Sets New 1-Year 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 277.12 and last traded at GBX 289, with a volume of 1,067,907 shares traded. The stock had previously closed at GBX 285.

Wall Street Analysts Forecast Growth

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

Shawbrook Group Trading Up 1.4%

The stock has a 50 day simple moving average of GBX 306.83 and a 200 day simple moving average of GBX 351.99. The stock has a market cap of £1.54 billion and a P/E ratio of 7.80.

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