Shawbrook Group (LON:SHAW) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Shawbrook Group plc (LON:SHAW) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 335.40 and traded as low as GBX 312. Shawbrook Group shares last traded at GBX 315.92, with a volume of 3,203,031 shares.

Analyst Ratings Changes

Several equities research analysts recently commented on SHAW shares. Shore Capital Group reaffirmed a “buy” rating and set a GBX 475 target price on shares of Shawbrook Group in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 610 price objective on shares of Shawbrook Group in a research note on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 542.50.

Shawbrook Group Stock Down 0.9%

The stock has a 50 day simple moving average of GBX 334.23 and a 200 day simple moving average of GBX 401.08. The stock has a market cap of £1.65 billion and a price-to-earnings ratio of 9.07.

Shawbrook Group (LON:SHAW) last posted its earnings results on Thursday, March 12th. The company reported GBX 47 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.