Shaftesbury Capital (LON:SHC) Trading Up 0.8% – What’s Next?

Shaftesbury Capital PLC (LON:SHC)’s stock price shot up 0.8% during mid-day trading on Wednesday . The company traded as high as GBX 139.10 and last traded at GBX 137.50. 6,688,493 shares were traded during trading, a decline of 52% from the average session volume of 13,930,849 shares. The stock had previously closed at GBX 136.40.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SHC. Peel Hunt restated a “buy” rating and issued a GBX 190 target price on shares of Shaftesbury Capital in a research note on Wednesday, December 3rd. Berenberg Bank upped their price target on Shaftesbury Capital from GBX 151 to GBX 153 and gave the company a “hold” rating in a research report on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Shaftesbury Capital currently has an average rating of “Moderate Buy” and a consensus target price of GBX 184.50.

Shaftesbury Capital Stock Performance

The company’s 50 day simple moving average is GBX 144.16 and its 200-day simple moving average is GBX 142.47. The firm has a market capitalization of £2.50 billion, a PE ratio of 7.43 and a beta of 0.90.

Shaftesbury Capital (LON:SHC) last released its quarterly earnings results on Wednesday, February 25th. The company reported GBX 4.50 EPS for the quarter. Shaftesbury Capital had a net margin of 141.28% and a return on equity of 8.78%. On average, equities research analysts forecast that Shaftesbury Capital PLC will post 5.0712105 earnings per share for the current fiscal year.

About Shaftesbury Capital

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 £5.4 billion, extends to 2.8 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.