Shawbrook Group (LON:SHAW) Sets New 52-Week Low – What’s Next?

Shawbrook Group plc (LON:SHAW) shares reached a new 52-week low during trading on Friday . The stock traded as low as GBX 298.50 and last traded at GBX 301, with a volume of 138098 shares changing hands. The stock had previously closed at GBX 311.50.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group restated a “buy” rating and issued a GBX 475 price objective on shares of Shawbrook Group in a report on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Shawbrook Group has an average rating of “Buy” and an average price target of GBX 475.

Shawbrook Group Stock Down 4.2%

The stock’s fifty day moving average is GBX 350.51. The firm has a market cap of £1.55 billion and a price-to-earnings ratio of 8.53.

Shawbrook Group (LON:SHAW) last announced its quarterly earnings data 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.