After Today’s Huge Decline, Is Shawbrook Group PLC’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is Shawbrook Group PLC's Near Term Analysis Negative?

The stock of Shawbrook Group PLC (LON:SHAW) is a huge mover today! The stock decreased 1.05% or GBX 2.57 on November 29, hitting GBX 242.63. About 383,469 shares traded hands. Shawbrook Group PLC (LON:SHAW) has declined 17.44% since April 28, 2016 and is downtrending. It has underperformed by 22.70% the S&P500.
The move comes after 8 months negative chart setup for the GBX 607.79M company. It was reported on Nov, 29 by Barchart.com. We have GBX 223.22 PT which if reached, will make LON:SHAW worth GBX 48.62 million less.

Shawbrook Group PLC (LON:SHAW) Ratings Coverage

Out of 10 analysts covering Shawbrook Group Plc (LON:SHAW), 5 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 50% are positive. Shawbrook Group Plc has been the topic of 62 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Barclays Capital maintained Shawbrook Group PLC (LON:SHAW) on Thursday, September 17 with “Overweight” rating. The stock of Shawbrook Group PLC (LON:SHAW) earned “Neutral” rating by Credit Suisse on Tuesday, October 25. The stock of Shawbrook Group PLC (LON:SHAW) has “Buy” rating given on Thursday, November 26 by Investec. Shore Capital maintained Shawbrook Group PLC (LON:SHAW) on Wednesday, July 27 with “Hold” rating. The stock of Shawbrook Group PLC (LON:SHAW) has “Underperform” rating given on Friday, September 23 by RBC Capital Markets. The rating was maintained by Numis Securities with “Buy” on Thursday, June 9. Goldman Sachs maintained it with “Buy” rating and GBX 390 target price in Wednesday, June 1 report. As per Friday, March 11, the company rating was maintained by Peel Hunt. The firm has “Buy” rating by Investec given on Monday, September 12. Barclays Capital maintained it with “Overweight” rating and GBX 410 target price in Monday, November 23 report.

More news for Shawbrook Group PLC (LON:SHAW) were recently published by: Uk.Finance.Yahoo.com, which released: “Shawbrook Group plc (SHAW.L)” on April 02, 2015. Fool.Co.Uk‘s article titled: “Should you buy Shawbrook Group plc, Brammer plc and Bunzl plc today?” and published on June 29, 2016 is yet another important article.

Shawbrook Group plc is a United Kingdom lending and savings bank. The company has a market cap of 607.79 million GBP.

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