Insider Buying: Shaftesbury Capital (LON:SHC) Insider Buys £25,610.40 in Stock

Shaftesbury Capital PLC (LON:SHC) insider Rachel Kentleton bought 17,785 shares of Shaftesbury Capital stock in a transaction dated Wednesday, July 29th. The shares were acquired at an average cost of GBX 144 per share, with a total value of £25,610.40.

Shaftesbury Capital Price Performance

Shares of LON:SHC opened at GBX 143.80 on Friday. The business’s 50 day moving average price is GBX 137.93 and its 200-day moving average price is GBX 138.39. Shaftesbury Capital PLC has a 1 year low of GBX 124.10 and a 1 year high of GBX 162.90. The firm has a market capitalization of £2.62 billion, a price-to-earnings ratio of 7.77 and a beta of 0.96.

Shaftesbury Capital (LON:SHC) last posted its quarterly 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%. On average, sell-side analysts expect that Shaftesbury Capital PLC will post 5.0712105 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SHC shares. Berenberg Bank reiterated a “hold” rating and set a GBX 151 target price on shares of Shaftesbury Capital in a research report on Wednesday. Jefferies Financial Group raised their price target on Shaftesbury Capital from GBX 176 to GBX 182 and gave the company a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 185 price target on shares of Shaftesbury Capital in a research note on Thursday. Finally, Royal Bank Of Canada decreased their price objective on shares of Shaftesbury Capital from GBX 210 to GBX 200 and set a “buy” rating on the stock in a research report on Monday, June 15th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 181.60.

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.