Shaftesbury Capital (LON:SHC) Trading Up 0.6% – Still a Buy?

Shaftesbury Capital PLC (LON:SHC)’s stock price shot up 0.6% during mid-day trading on Wednesday . The company traded as high as GBX 144.20 and last traded at GBX 144.10. 839,294 shares were traded during mid-day trading, a decline of 88% from the average session volume of 7,178,820 shares. The stock had previously closed at GBX 143.20.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Jefferies Financial Group boosted their price objective on Shaftesbury Capital from GBX 181 to GBX 185 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Peel Hunt reaffirmed a “buy” rating and set a GBX 190 target price on shares of Shaftesbury Capital in a report on Wednesday, December 3rd. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Shaftesbury Capital currently has an average rating of “Buy” and a consensus price target of GBX 195.

Shaftesbury Capital Price Performance

The stock has a market cap of £2.63 billion, a P/E ratio of 8.28 and a beta of 1.15. The firm’s fifty day moving average price is GBX 141.83 and its two-hundred day moving average price is GBX 146.22.

Shaftesbury Capital Company Profile

Shaftesbury Capital PLC (“Shaftesbury Capital”) is the leading central London mixed-use REIT and is a constituent of the FTSE-250 Index.

Our property portfolio under management, valued at £5.2 billion, extends to 2.7 million square feet of lettable space across the most vibrant areas of London’s West End. With a diverse mix of shops, restaurants, cafés, bars, residential apartments and offices, our destinations include the high footfall, thriving neighbourhoods of Covent Garden, Carnaby, Soho and Chinatown.