Shawbrook Group (LON:SHAW) Share Price Breaks Below 50 Day Moving Average – Time to Sell?

Shawbrook Group plc (LON:SHAW – Get Free Report) passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of GBX 313.64 and traded as low as GBX 288. Shawbrook Group shares last traded at GBX 289, with a volume of 4,668,995 shares trading hands.

Analyst Ratings Changes

A number of brokerages have issued reports on SHAW. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 475 target price on shares of Shawbrook Group in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 610 price target on shares of Shawbrook Group in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 520.

Read Our Latest Report on Shawbrook Group

Shawbrook Group Price Performance

The stock’s 50 day moving average is GBX 312.79 and its two-hundred day moving average is GBX 325.71. The firm has a market cap of £1.53 billion and a P/E ratio of 7.74.

Shawbrook Group (LON:SHAW – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported GBX 25.30 earnings per share for the quarter.

About Shawbrook Group

(Get Free Report)

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.

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