Shawbrook Group (LON:SHAW) Trading Down 2.8% – Here’s Why

Shawbrook Group plc (LON:SHAW)’s stock price was down 2.8% during mid-day trading on Monday . The company traded as low as GBX 319.50 and last traded at GBX 334.64. Approximately 913,278 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 1,964,924 shares. The stock had previously closed at GBX 344.12.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SHAW. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 610 price target on shares of Shawbrook Group in a report on Friday, May 15th. Shore Capital Group restated a “buy” rating and set a GBX 475 price objective on shares of Shawbrook Group in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 542.50.

Shawbrook Group Stock Performance

The company has a market cap of £1.74 billion and a price-to-earnings ratio of 9.56. The company has a 50-day simple moving average of GBX 323.52 and a 200-day simple moving average of GBX 389.75.

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.