Shawbrook Group (LON:SHAW) Reaches New 52-Week High – What’s Next?

Shawbrook Group plc (LON:SHAW) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 508 and last traded at GBX 508, with a volume of 1727 shares changing hands. The stock had previously closed at GBX 491.50.

Shawbrook Group Price Performance

The company has a 50-day moving average price of GBX 423.41. The stock has a market cap of £2.53 billion and a P/E ratio of 19.89.

Insider Activity

In other Shawbrook Group news, insider Lan Tu purchased 6,756 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were bought at an average price of GBX 370 per share, with a total value of £24,997.20. Also, insider Derek Weir acquired 5,405 shares of the stock in a transaction on Tuesday, November 4th. The shares were acquired at an average price of GBX 370 per share, with a total value of £19,998.50. In the last ninety days, insiders bought 17,566 shares of company stock worth $6,499,420.

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.