Shaftesbury Capital (LON:SHC) Trading Up 1.2% – Still a Buy?

Shaftesbury Capital PLC (LON:SHC) was up 1.2% during trading on Thursday . The company traded as high as GBX 140.40 and last traded at GBX 140.13. 1,304,036 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 19,907,502 shares. The stock had previously closed at GBX 138.46.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada cut their price objective on shares of 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 reissued a “buy” rating and issued a GBX 185 target price on shares of Shaftesbury Capital in a report on Friday, May 15th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 176 target price on shares of Shaftesbury Capital in a research report on Friday, May 15th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Shaftesbury Capital presently has a consensus rating of “Moderate Buy” and an average price target of GBX 185.67.

Shaftesbury Capital Stock Up 0.4%

The stock has a market capitalization of £2.56 billion, a P/E ratio of 7.58 and a beta of 0.96. The company has a fifty day moving average price of GBX 134.62 and a 200-day moving average price of GBX 138.59.

Insiders Place Their Bets

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

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.