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

Shaftesbury Capital PLC (LON:SHC)’s stock price was down 0.7% during trading on Thursday. The stock traded as low as GBX 147.30 and last traded at GBX 148. 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

A number of equities research analysts recently weighed in on SHC shares. Jefferies Financial Group restated a “buy” rating and issued a GBX 170 target price on shares of Shaftesbury Capital in a report on Thursday, October 15th. Berenberg Bank lifted their price target on Shaftesbury Capital from GBX 151 to GBX 166 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Shaftesbury Capital from GBX 185 to GBX 195 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Five equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 184.20.

Shaftesbury Capital Stock Up 0.3%

The business’s 50-day moving average is GBX 141.35 and its two-hundred day moving average is GBX 139.92. The company has a market capitalization of £2.72 billion, a P/E ratio of 7.13 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.