Shawbrook Group (LON:SHAW) Hits New 52-Week Low – Here’s What Happened

Shawbrook Group plc (LON:SHAW) reached a new 52-week low during mid-day trading on Monday. The stock traded as low as GBX 277.12 and last traded at GBX 289, with a volume of 1,067,907 shares. The stock had previously closed at GBX 285.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 475 target price on shares of Shawbrook Group in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 610 price target on shares of Shawbrook Group in a report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 520.

Shawbrook Group Stock Performance

The stock has a market cap of £1.49 billion and a PE ratio of 7.57. The business has a 50 day moving average price of GBX 308.38 and a two-hundred day moving average price of GBX 324.33.

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