Shaftesbury Capital (LON:SHC) Shares Down 1.1% – Here’s Why

Shaftesbury Capital PLC (LON:SHC)’s stock price traded down 1.1% during mid-day trading on Thursday . The stock traded as low as GBX 147 and last traded at GBX 147.30. 4,645,371 shares changed hands during trading, a decline of 67% from the average session volume of 14,011,988 shares. The stock had previously closed at GBX 149.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Peel Hunt reissued a “buy” rating and issued a GBX 190 price target on shares of Shaftesbury Capital in a research report on Wednesday, December 3rd. Jefferies Financial Group increased their target price on shares of Shaftesbury Capital from GBX 181 to GBX 185 and gave the company a “buy” rating in a report on Tuesday, October 28th. Finally, Berenberg Bank boosted their price target on shares of Shaftesbury Capital from GBX 151 to GBX 153 and gave the stock a “hold” rating in a report on Monday, January 26th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 184.50.

Shaftesbury Capital Price Performance

The stock’s 50 day simple moving average is GBX 143.71 and its two-hundred day simple moving average is GBX 143.85. The stock has a market capitalization of £2.71 billion, a PE ratio of 8.54 and a beta of 1.15.

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.