Shawbrook Group (LON:SHAW) Share Price Passes Below 200 Day Moving Average – What’s Next?

Shawbrook Group plc (LON:SHAWGet Free Report)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 360.30 and traded as low as GBX 331.50. Shawbrook Group shares last traded at GBX 333.47, with a volume of 1,085,087 shares traded.

Analysts Set New Price Targets

A number of research analysts recently commented on SHAW shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 610 target price on shares of Shawbrook Group in a research note on Thursday, August 6th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 475 price objective on shares of Shawbrook Group in a report on Friday, August 7th. Finally, Shore Capital Group reiterated a “buy” rating and set a GBX 475 price objective on shares of Shawbrook Group in a research report on Thursday, April 30th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 520.

View Our Latest Stock Report on SHAW

Shawbrook Group Stock Performance

The company has a market cap of £1.73 billion and a PE ratio of 9.53. The stock’s 50 day moving average price is GBX 335.69 and its 200-day moving average price is GBX 360.30.

Shawbrook Group (LON:SHAWGet Free Report) last released its earnings results on Wednesday, August 5th. The company reported GBX 25.30 EPS for the quarter.

About Shawbrook Group

(Get Free Report)

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.

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