Shawbrook Group (LON:SHAW) Sets New 12-Month Low – Here’s Why

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.

Wall Street Analyst Weigh In

SHAW has been the topic of a number of analyst reports. Shore Capital Group restated a “buy” rating and set a GBX 475 target price on shares of Shawbrook Group in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 610 target price on shares of Shawbrook Group in a research report on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 542.50.

Shawbrook Group Stock Performance

The stock has a market cap of £1.52 billion and a price-to-earnings ratio of 8.36. The business’s fifty day simple moving average is GBX 332.95 and its 200 day simple moving average is GBX 400.67.

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

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.