Shaftesbury Capital (LON:SHC) Stock Falls 0.7% – Here’s What Happened

by · The Markets Daily

Shaftesbury Capital PLC (LON:SHC – Get Free Report) traded down 0.7% during mid-day trading on Thursday. The company traded as low as GBX 147.30 and last traded at GBX 148. Approximately 2,235,626 shares changed hands during trading, a decline of 88% from the average session volume of 18,462,551 shares. The stock had previously closed at GBX 149.

Wall Street Analyst Weigh In

SHC has been the subject of several analyst reports. Berenberg Bank upped their price objective on Shaftesbury Capital from GBX 151 to GBX 166 and gave the stock a “buy” rating in a research report on Monday, August 10th. Jefferies Financial Group reissued a “buy” rating and set a GBX 170 target price on shares of Shaftesbury Capital in a research report on Thursday, October 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Shaftesbury Capital from GBX 185 to GBX 195 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Five analysts have rated the stock with a Buy rating. According to data from MarketBeat, Shaftesbury Capital currently has an average rating of “Buy” and a consensus target price of GBX 184.20.

Get Our Latest Stock Analysis on SHC

Shaftesbury Capital Stock Performance

The stock has a market capitalization of £2.71 billion, a PE ratio of 7.12 and a beta of 0.96. The stock’s 50-day moving average is GBX 141.34 and its 200 day moving average is GBX 139.88.

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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