Shaftesbury Capital (OTCMKTS:CCPPF) Stock Price Up 6.4% – Still a Buy?

Shaftesbury Capital PLC (OTCMKTS:CCPPF)’s share price shot up 6.4% during trading on Friday. The company traded as high as $1.9150 and last traded at $1.9150. Approximately 567 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 2,056 shares. The stock had previously closed at $1.80.

Wall Street Analysts Forecast Growth

CCPPF has been the subject of several research analyst reports. Morgan Stanley raised Shaftesbury Capital from a “market perform” rating to an “overweight” rating in a research note on Tuesday, September 1st. Jefferies Financial Group reissued a “buy” rating on shares of Shaftesbury Capital in a research note on Wednesday, October 14th. Finally, Kepler Capital Markets raised shares of Shaftesbury Capital from a “reduce” rating to a “hold” rating in a report on Tuesday, September 22nd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Shaftesbury Capital currently has a consensus rating of “Moderate Buy”.

Shaftesbury Capital Stock Performance

The firm’s 50-day moving average is $1.81 and its two-hundred day moving average is $1.80.

About Shaftesbury Capital

Shaftesbury Capital plc is a London-focused real estate investment company that owns, manages and develops mixed-use properties in some of the capital’s most prominent West End locations. Its portfolio includes retail, food and beverage, leisure, office and residential space.

The company’s assets are concentrated in destinations such as Covent Garden, Soho, Chinatown, Carnaby, Seven Dials and Fitzrovia. Shaftesbury Capital works with occupiers and local stakeholders to curate high-quality districts that combine shops, restaurants, entertainment venues, workplaces and homes.

The company was formed in 2023 through the merger of Shaftesbury plc and Capital & Counties Properties plc.