Shaftesbury Capital (LON:SHC) Stock Price Down 1% – What’s Next?

Shaftesbury Capital PLC (LON:SHC)’s share price dropped 1% during mid-day trading on Wednesday . The company traded as low as GBX 143.60 and last traded at GBX 143.90. 3,057,363 shares were traded during trading, a decline of 85% from the average session volume of 20,231,527 shares. The stock had previously closed at GBX 145.40.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SHC. Royal Bank Of Canada lowered their price objective on shares of Shaftesbury Capital from GBX 210 to GBX 200 and set a “buy” rating on the stock in a research note on Monday, June 15th. Jefferies Financial Group boosted their target price on shares of Shaftesbury Capital from GBX 176 to GBX 182 and gave the company a “buy” rating in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Shaftesbury Capital from GBX 185 to GBX 195 and gave the company a “buy” rating in a report on Wednesday, August 12th. Finally, Berenberg Bank lifted their price target on shares of Shaftesbury Capital from GBX 151 to GBX 166 and gave the stock a “buy” rating in a research note on Monday, August 10th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Shaftesbury Capital currently has an average rating of “Buy” and an average target price of GBX 186.60.

Shaftesbury Capital Price Performance

The business has a 50-day simple moving average of GBX 144.16 and a 200 day simple moving average of GBX 138.92. The firm has a market cap of £2.63 billion, a PE ratio of 6.92 and a beta of 0.96.

Shaftesbury Capital (LON:SHC) last posted its quarterly earnings data on Wednesday, July 29th. The company reported GBX 2.40 earnings per share for the quarter. Shaftesbury Capital had a return on equity of 9.48% and a net margin of 156.85%. On average, equities analysts forecast that Shaftesbury Capital PLC will post 5.0712105 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Rachel Kentleton bought 17,785 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were bought at an average price of GBX 144 per share, for a total transaction of £25,610.40. Insiders own 0.66% of the company’s stock.

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.