Shaftesbury Capital PLC (LON:SHC – Get Free Report)’s stock price fell 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 mid-day trading, a decline of 88% from the average session volume of 18,462,551 shares. The stock had previously closed at GBX 149.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on SHC. Jefferies Financial Group restated a “buy” rating and set a GBX 170 price target on shares of Shaftesbury Capital in a report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on Shaftesbury Capital from GBX 185 to GBX 195 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Finally, Berenberg Bank lifted their price objective on Shaftesbury Capital from GBX 151 to GBX 166 and gave the company a “buy” rating in a research note on Monday, August 10th. Five equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Shaftesbury Capital presently has an average rating of “Buy” and a consensus price target of GBX 184.20.
View Our Latest Analysis on SHC
Shaftesbury Capital Stock Performance
The stock’s 50-day simple moving average is GBX 141.34 and its 200 day simple moving average is GBX 139.88. The company has a market capitalization of £2.71 billion, a PE ratio of 7.12 and a beta of 0.96.
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.
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