UK's Shawbrook rises as brokerages launch coverage

Shawbrook

10/12/2025 10:17

Updates

** British lender Shawbrook SHAW.L gains 2.6% to 441.8p

** Co listed on October 30 at an offer price of 370p

** At least four brokerages - Barclays, Deutsche Bank, UBS and Goldman Sachs - start coverage

** Barclays, Deutsche Bank, UBS start with bullish ratings; Goldman assigns "neutral"

** Barclays says co's goal to double in size by 2030 looks highly achievable, supported by strong growth track record, value-accretive M&A following significant private equity investment

** While Goldman expects co to outgrow broader UK lending market, it sees potential risks around increased competition, asset quality

 ** UBS expects Shawbrook’s proven M&A capability to play a key role in future value creation, complementing organic growth and best-in-class cost efficiency

** Following are the ratings, PT on stock:

Brokerage
Rating
PT
Barclays
Overweight
520p
Deutsche Bank
Buy
610p
UBS
Buy
520p
Goldman Sachs
Neutral
-

(Reporting by Kanishka Ajmera in Bengaluru)

((Kanishka.Ajmera@thomsonreuters.com))