Citigroup Reaffirms Buy Rating for Shaftesbury Capital (LON:SHC)

Shaftesbury Capital (LON:SHC)‘s stock had its “buy” rating reaffirmed by Citigroup in a report issued on Tuesday, Marketbeat.com reports.

Shaftesbury Capital Stock Up 2.6 %

Shares of Shaftesbury Capital stock opened at GBX 135.64 ($1.81) on Tuesday. The business has a 50-day moving average price of GBX 122.84 and a 200 day moving average price of GBX 127.30. Shaftesbury Capital has a fifty-two week low of GBX 111.60 ($1.49) and a fifty-two week high of GBX 156.30 ($2.08). The firm has a market cap of £2.63 billion, a P/E ratio of 65.98 and a beta of 1.15.

Shaftesbury Capital (LON:SHC) last posted its quarterly earnings results on Thursday, February 27th. The company reported GBX 4 ($0.05) earnings per share (EPS) for the quarter. Shaftesbury Capital had a return on equity of 1.07% and a net margin of 16.37%. As a group, equities research analysts anticipate that Shaftesbury Capital will post 5.0712105 earnings per share for the current year.

Insider Buying and Selling at Shaftesbury Capital

In other Shaftesbury Capital news, insider Madeleine Cosgrave purchased 40,000 shares of the company’s stock in a transaction on Friday, March 28th. The shares were purchased at an average cost of GBX 127 ($1.69) per share, for a total transaction of £50,800 ($67,688.21). 1.71% of the stock is currently owned by company 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, valued at £4.8 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.