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

Shawbrook Group plc (LON:SHAW) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 323.52 and traded as high as GBX 350.50. Shawbrook Group shares last traded at GBX 344.12, with a volume of 32,105,154 shares.

Analysts Set New Price Targets

SHAW has been the topic of several research analyst reports. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 475 price objective on shares of Shawbrook Group in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 610 target price on shares of Shawbrook Group in a research report on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Shawbrook Group has an average rating of “Buy” and an average target price of GBX 542.50.

Shawbrook Group Stock Up 0.2%

The firm has a 50 day moving average of GBX 323.52 and a 200-day moving average of GBX 390.10. The company has a market cap of £1.79 billion and a P/E ratio of 9.83.

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.