Shawbrook Group (LON:SHAW) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Shawbrook Group plc (LON:SHAW)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 323.52 and traded as high as GBX 350.50. Shawbrook Group shares last traded at GBX 344.12, with a volume of 32,105,154 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently commented on SHAW shares. Shore Capital Group reiterated a “buy” rating and issued a GBX 475 target price on shares of Shawbrook Group in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 610 price target on shares of Shawbrook Group in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Shawbrook Group currently has a consensus rating of “Buy” and an average price target of GBX 542.50.

Shawbrook Group Trading Up 0.2%

The firm’s 50-day moving average is GBX 323.52 and its two-hundred day moving average is GBX 390.10. The stock has a market cap of £1.79 billion and a price-to-earnings ratio of 9.83.

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.