Shaftesbury Capital (LON:SHC) Stock Price Down 1.2% – What’s Next?

Shares of Shaftesbury Capital PLC (LON:SHC) traded down 1.2% on Friday . The stock traded as low as GBX 130.50 and last traded at GBX 131.40. 4,591,516 shares changed hands during trading, a decline of 73% from the average session volume of 16,902,734 shares. The stock had previously closed at GBX 133.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 176 target price on shares of Shaftesbury Capital in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 185 target price on shares of Shaftesbury Capital in a research note on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 182.80.

Shaftesbury Capital Stock Down 1.2%

The firm has a market cap of £2.40 billion, a price-to-earnings ratio of 7.10 and a beta of 0.95. The company’s 50-day moving average price is GBX 133.32 and its 200-day moving average price is GBX 139.06.

Insider Activity

In other Shaftesbury Capital news, insider Jonathan Nicholls purchased 100,000 shares of Shaftesbury Capital stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of GBX 129 per share, with a total value of £129,000. Corporate insiders own 0.65% 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.