Shawbrook Group (LON:SHAW) Shares Pass Below 200 Day Moving Average – Here’s Why

Shawbrook Group plc (LON:SHAW)’s stock 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SHAW shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 610 target price 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 price target on shares of Shawbrook Group in a report on Thursday, April 30th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 542.50.

Shawbrook Group Price Performance

The company has a 50 day moving average price of GBX 326.44 and a 200 day moving average price of GBX 393.73. The firm has a market cap of £1.62 billion and a PE ratio of 8.91.

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.