Shawbrook Group (LON:SHAW) Sets New 1-Year Low – Time to Sell?

Shares of Shawbrook Group plc (LON:SHAW) reached a new 52-week low on Wednesday. The company traded as low as GBX 286 and last traded at GBX 290, with a volume of 690643 shares traded. The stock had previously closed at GBX 298.50.

Wall Street Analyst Weigh In

A number of research firms have commented on SHAW. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 610 price objective on shares of Shawbrook Group in a research note on Thursday, August 6th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 475 price objective on shares of Shawbrook Group in a research note on Friday, August 7th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 520.

Shawbrook Group Stock Performance

The stock has a market cap of £1.51 billion and a price-to-earnings ratio of 7.63. The company’s 50 day simple moving average is GBX 320.08 and its two-hundred day simple moving average is GBX 328.56.

Shawbrook Group (LON:SHAW) last issued its quarterly earnings results on Wednesday, August 5th. The company reported GBX 25.30 EPS for the quarter.

Shawbrook Group Company Profile

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.