Shawbrook Group (LON:SHAW) Reaches New 52-Week Low - Time to Sell?

Key Points

• Shawbrook Group's shares hit a new 52-week low of GBX 321.50 on Friday (previous close GBX 331) with about 26,618 shares traded, and are trading well below the 50-day SMA of GBX 425.70.
• Despite the drop, Shore Capital Group has restated a "Buy" rating and MarketBeat lists a consensus Buy (from one analyst), indicating some analyst support.
• The company has a market capitalization of £1.67 billion and a PE ratio of 13.16, and it reported GBX 47 earnings per share for the most recent quarter, offering valuation and earnings context.

Shawbrook Group plc (LON:SHAW - Get Free Report)'s share price hit a new 52-week low on Friday . The stock traded as low as GBX 321.50 and last traded at GBX 321.50, with a volume of 26618 shares trading hands. The stock had previously closed at GBX 331.

Wall Street Analyst Weigh In

Separately, Shore Capital Group restated a "buy" rating on shares of Shawbrook Group in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy".

Shawbrook Group Stock Performance

The firm has a market capitalization of £1.67 billion and a PE ratio of 13.16. The business has a fifty day simple moving average of GBX 425.70.

Shawbrook Group (LON:SHAW - Get Free Report) last issued its earnings results on Thursday, March 12th. The company reported GBX 47 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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