Shawbrook Group (LON:SHAW) Reaches New 52-Week Low - Here's Why

Key Points

• Shawbrook Group shares hit a new 52-week low, falling as low as GBX 277.12 before last trading at GBX 289 on volume of about 1.07 million shares.
• Despite the selloff, analysts remain positive: Deutsche Bank maintained a “buy” rating with a GBX 610 target, while RBC reiterated “outperform” with a GBX 475 target. The consensus rating is “Buy,” with an average price target of GBX 520.
• The company has a market capitalization of approximately £1.49 billion and a P/E ratio of 7.57; its latest quarterly earnings were GBX 25.30 per share.

Shawbrook Group plc (LON:SHAW - Get Free Report) reached a new 52-week low during 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 changing hands. The stock had previously closed at GBX 285.

Analyst Ratings Changes

Several research analysts have weighed in on SHAW shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 610 price objective on shares of Shawbrook Group in a report on Thursday, August 6th. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 475 target price on shares of Shawbrook Group in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Shawbrook Group currently has a consensus rating of "Buy" and an average price target of GBX 520.

Shawbrook Group Trading Up 0.9%

The stock has a market capitalization of £1.49 billion and a P/E ratio of 7.57. The business has a fifty day simple moving average of GBX 308.38 and a 200 day simple moving average of GBX 324.33.

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

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