Shawbrook Group (LON:SHAW) Reaches New 12-Month Low – Time to Sell?

Shawbrook Group plc (LON:SHAW) hit a new 52-week low during mid-day 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 traded. The stock had previously closed at GBX 303.50.

Analysts Set New Price Targets

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

Shawbrook Group Price Performance

The stock has a market capitalization of £1.61 billion and a price-to-earnings ratio of 8.86. The business’s fifty day moving average price is GBX 330.17 and its 200-day moving average price is GBX 398.91.

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