Shaftesbury Capital PLC (LON:SHC – Get Free Report)’s stock price was up 1.2% during trading on Thursday . The company traded as high as GBX 140.40 and last traded at GBX 140.13. 1,304,036 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 19,907,502 shares. The stock had previously closed at GBX 138.46.
Analyst Upgrades and Downgrades
Several research firms have weighed in on SHC. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 185 price target on shares of Shaftesbury Capital in a research note on Friday, May 15th. Royal Bank Of Canada decreased their price objective on Shaftesbury Capital from GBX 210 to GBX 200 and set a “buy” rating on the stock in a report on Monday, June 15th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 176 target price on shares of Shaftesbury Capital in a research note on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Shaftesbury Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 185.67.
Shaftesbury Capital Stock Up 1.2%
Insiders Place Their Bets
In other news, insider Jonathan Nicholls purchased 100,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of GBX 129 per share, with a total value of £129,000. 0.65% of the stock is owned by insiders.
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.
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