Shaftesbury Capital (LON:SHC) Shares Down 1.2% – Time to Sell?

Shaftesbury Capital PLC (LON:SHC) dropped 1.2% during mid-day trading on Friday . The stock traded as low as GBX 130.50 and last traded at GBX 131.40. Approximately 4,591,516 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 16,902,734 shares. The stock had previously closed at GBX 133.

Wall Street Analyst Weigh In

SHC has been the topic of several research analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 176 target price on shares of Shaftesbury Capital in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 185 price target on shares of Shaftesbury Capital in a research report on Friday, May 15th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 182.80.

Shaftesbury Capital Stock Down 1.2%

The stock has a market capitalization of £2.40 billion, a price-to-earnings ratio of 7.10 and a beta of 0.95. The business’s 50-day moving average is GBX 133.32 and its two-hundred day moving average is GBX 139.06.

Insiders Place Their Bets

In other Shaftesbury Capital news, insider Jonathan Nicholls purchased 100,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average cost of GBX 129 per share, for a total transaction of £129,000. Insiders own 0.55% of the company’s stock.

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.