Shawbrook Group (LON:SHAW) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Shawbrook Group plc (LON:SHAW) shares passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of GBX 298.45 and traded as high as GBX 303. Shawbrook Group shares last traded at GBX 302.50, with a volume of 650,687 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SHAW. Royal Bank Of Canada restated an “outperform” rating and set a GBX 475 target price on shares of Shawbrook Group in a research note on Friday, August 7th. Deutsche Bank reiterated a “buy” rating and issued a GBX 610 price target on shares of Shawbrook Group in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Shawbrook Group presently has a consensus rating of “Buy” and an average price target of GBX 520.

Shawbrook Group Price Performance

The stock’s 50-day moving average price is GBX 298.45 and its 200-day moving average price is GBX 342.08. The company has a market cap of £1.54 billion and a P/E ratio of 7.82.

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.