Shawbrook Group (LON:SHAW) Shares Cross Below 200-Day Moving Average – Should You Sell?

Shawbrook Group plc (LON:SHAW)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 394.30 and traded as low as GBX 320. Shawbrook Group shares last traded at GBX 320, with a volume of 150,116 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SHAW shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 610 price objective on shares of Shawbrook Group in a research report on Friday, May 15th. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 475 target price 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 an average rating of “Buy” and an average price target of GBX 542.50.

Shawbrook Group Price Performance

The company has a market capitalization of £1.66 billion and a P/E ratio of 9.14. The company’s 50-day simple moving average is GBX 327.31 and its 200 day simple moving average is GBX 394.30.

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.