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Shawbrook Group (LON:SHAW) Stock Price Passes Below Fifty Day Moving Average - Here's What Happened

Shawbrook Group logo with Construction background
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Key Points

  • Price drop below 50-day MA: Shawbrook shares fell below their fifty day moving average of GBX 375.48, trading as low as GBX 335.50 and last at GBX 343.36 on heavy volume of 7,407,646 shares.
  • Analyst sentiment remains positive: Shore Capital Group reiterated a "Buy" rating and MarketBeat shows an average rating of "Buy" based on one analyst coverage.
  • Valuation and recent earnings: The stock has a market capitalization of £1.78 billion, a P/E of 9.81, and reported GBX 47 EPS for the most recent quarter.
  • Interested in Shawbrook Group? Here are five stocks we like better.

Shawbrook Group plc (LON:SHAW - Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 375.48 and traded as low as GBX 335.50. Shawbrook Group shares last traded at GBX 343.36, with a volume of 7,407,646 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital Group restated a "buy" rating on shares of Shawbrook Group in a research report on Tuesday, March 24th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Shawbrook Group currently has an average rating of "Buy".

Check Out Our Latest Stock Report on Shawbrook Group

Shawbrook Group Price Performance

The stock has a market capitalization of £1.78 billion and a P/E ratio of 9.81. The stock's 50 day simple moving average is GBX 375.48.

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