Shawbrook Group (LON:SHAW) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Shawbrook Group plc (LON:SHAW)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 335.40 and traded as low as GBX 312. Shawbrook Group shares last traded at GBX 315.92, with a volume of 3,203,031 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SHAW. Deutsche Bank Aktiengesellschaft reissued 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 reaffirmed a “buy” rating and issued a GBX 475 price objective on shares of Shawbrook Group in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 542.50.

Shawbrook Group Stock Performance

The stock’s fifty day simple moving average is GBX 335.40 and its 200-day simple moving average is GBX 401.67. The stock has a market cap of £1.70 billion and a P/E ratio of 9.33.

Shawbrook Group (LON:SHAW) last released its quarterly earnings results on Thursday, March 12th. The company reported GBX 47 earnings per share 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.