Shawbrook Group (LON:SHAW) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Shawbrook Group plc (LON:SHAW) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 336.95 and traded as high as GBX 340. Shawbrook Group shares last traded at GBX 326.11, with a volume of 803,640 shares changing hands.

Wall Street Analysts Forecast Growth

SHAW has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 610 target price on shares of Shawbrook Group in a research note on Thursday, August 6th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 475 price target on shares of Shawbrook Group in a research note on Friday, August 7th. Finally, 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. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Shawbrook Group presently has an average rating of “Buy” and a consensus target price of GBX 520.

Shawbrook Group Trading Up 1.1%

The stock has a market cap of £1.70 billion and a PE ratio of 9.36. The company has a fifty day moving average of GBX 336.73 and a 200-day moving average of GBX 350.79.

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