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

Shaftesbury Capital PLC (LON:SHCGet Free Report) shares fell 1% on Wednesday . The stock traded as low as GBX 143.60 and last traded at GBX 143.90. 3,057,363 shares changed hands 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.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Berenberg Bank upped their price objective on Shaftesbury Capital from GBX 151 to GBX 166 and gave the company a “buy” rating in a research report on Monday, August 10th. 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 report on Monday, June 15th. Deutsche Bank Aktiengesellschaft boosted their price target on Shaftesbury Capital from GBX 185 to GBX 195 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Finally, Jefferies Financial Group increased their price objective on Shaftesbury Capital from GBX 176 to GBX 182 and gave the company a “buy” rating in a research report on Thursday, July 30th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 186.60.

Get Our Latest Stock Analysis on SHC

Shaftesbury Capital Stock Down 1.0%

The stock has a market capitalization of £2.63 billion, a PE ratio of 6.92 and a beta of 0.96. The firm’s fifty day moving average price is GBX 144.16 and its two-hundred day moving average price is GBX 138.92.

Shaftesbury Capital (LON:SHCGet Free Report) last issued its earnings results on Wednesday, July 29th. The company reported GBX 2.40 earnings per share (EPS) for the quarter. Shaftesbury Capital had a net margin of 156.85% and a return on equity of 9.48%. As a group, analysts predict that Shaftesbury Capital PLC will post 5.0712105 EPS for the current year.

Insider Activity

In other news, insider Rachel Kentleton purchased 17,785 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were purchased at an average cost of GBX 144 per share, for a total transaction of £25,610.40. 0.66% of the stock is currently owned by company insiders.

About Shaftesbury Capital

(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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