Shawbrook Group (LON:SHAW) Hits New 1-Year High – Here’s Why

Shawbrook Group plc (LON:SHAW)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 508 and last traded at GBX 508, with a volume of 1727 shares changing hands. The stock had previously closed at GBX 491.50.

Shawbrook Group Stock Performance

The company has a 50 day moving average price of GBX 420.50. The firm has a market capitalization of £2.57 billion and a PE ratio of 20.22.

Insiders Place Their Bets

In related news, insider Lan Tu acquired 6,756 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was acquired at an average cost of GBX 370 per share, with a total value of £24,997.20. Also, insider Derek Weir acquired 5,405 shares of Shawbrook Group stock in a transaction dated Tuesday, November 4th. The shares were bought at an average price of GBX 370 per share, for a total transaction of £19,998.50. Insiders acquired 17,566 shares of company stock worth $6,499,420 in the last three months.

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.