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SHAW Shawbrook News Story

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gb flag iconLast trade - 00:00
FinancialsSpeculativeMid CapNeutral

UK's Shawbrook rises as IPO quiet period ends

** British lender Shawbrook SHAW.L gains 1.7% to 438p vs IPO 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

** Following are the ratings, PT on stock:

BrokerageRatingPT
BarclaysOverweight520p
Deutsche BankBuy610p
UBSBuy520p
Goldman SachsNeutral-
(Reporting by Kanishka Ajmera in Bengaluru) ((Kanishka.Ajmera@thomsonreuters.com))

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