Shaftesbury Capital (LON:SHC) Trading Up 0.2% – Here’s Why

Shaftesbury Capital PLC (LON:SHC) was up 0.2% during trading on Thursday . The stock traded as high as GBX 137.90 and last traded at GBX 137.90. Approximately 2,883,884 shares changed hands during trading, a decline of 76% from the average daily volume of 11,996,465 shares. The stock had previously closed at GBX 137.60.

Analysts Set New Price Targets

Separately, Berenberg Bank boosted their price objective on shares of Shaftesbury Capital from GBX 151 to GBX 153 and gave the stock a “hold” rating in a research note on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Shaftesbury Capital presently has a consensus rating of “Moderate Buy” and an average target price of GBX 184.50.

Shaftesbury Capital Stock Performance

The firm has a market cap of £2.49 billion, a price-to-earnings ratio of 7.37 and a beta of 0.90. The stock’s 50 day simple moving average is GBX 140.11 and its 200-day simple moving average is GBX 141.36.

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

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 £5.4 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.