Shawbrook Group (LON:SHAW) Hits New 12-Month Low – Here’s Why

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 610 price target on shares of Shawbrook Group in a research report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 520.

Shawbrook Group Stock Up 2.3%

The firm has a 50 day moving average price of GBX 318.01 and a 200 day moving average price of GBX 327.58. The stock has a market cap of £1.49 billion and a PE ratio of 7.54.

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