Shaftesbury Capital (LON:SHC) Shares Down 1.1% – What’s Next?

by · The Markets Daily

Shaftesbury Capital PLC (LON:SHC – Get Free Report)’s stock price dropped 1.1% on Wednesday. The stock traded as low as GBX 136.90 and last traded at GBX 139.80. Approximately 49,972,617 shares were traded during trading, an increase of 154% from the average session volume of 19,692,352 shares. The stock had previously closed at GBX 141.30.

Analysts Set New Price Targets

SHC has been the topic of a number of recent analyst reports. Berenberg Bank upped their price target on shares of Shaftesbury Capital from GBX 151 to GBX 166 and gave the company a “buy” rating in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Jefferies Financial Group upped their target price on Shaftesbury Capital from GBX 176 to GBX 182 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada reduced their target price on Shaftesbury Capital from GBX 210 to GBX 200 and set a “buy” rating for the company in a research note on Monday, June 15th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 186.60.

Check Out Our Latest Stock Report on Shaftesbury Capital

Shaftesbury Capital Trading Down 0.3%

The business’s 50-day simple moving average is GBX 144.36 and its 200-day simple moving average is GBX 138.10. The company has a market capitalization of £2.52 billion, a PE ratio of 6.61 and a beta of 0.96.

Shaftesbury Capital (LON:SHC – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported GBX 2.40 EPS for the quarter. Shaftesbury Capital had a net margin of 156.85% and a return on equity of 9.48%. Sell-side analysts forecast that Shaftesbury Capital PLC will post 5.0712105 EPS for the current fiscal year.

Insider Buying and Selling

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

Shaftesbury Capital Company Profile

(Get Free Report)

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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