Shaftesbury Capital (LON:SHC) Shares Up 1.7% – Here’s What Happened

Shaftesbury Capital PLC (LON:SHC) was up 1.7% during mid-day trading on Thursday . The company traded as high as GBX 145.80 and last traded at GBX 144.55. Approximately 4,361,297 shares were traded during mid-day trading, a decline of 6% from the average daily volume of 4,631,921 shares. The stock had previously closed at GBX 142.10.

Wall Street Analyst Weigh In

SHC has been the topic of a number of recent analyst reports. Peel Hunt restated a “buy” rating and set a GBX 190 price target on shares of Shaftesbury Capital in a report on Wednesday, December 3rd. Jefferies Financial Group lifted their target price on Shaftesbury Capital from GBX 181 to GBX 185 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 195.

Shaftesbury Capital Stock Performance

The stock has a 50 day moving average of GBX 141.91 and a two-hundred day moving average of GBX 145.39. The firm has a market capitalization of £2.63 billion, a P/E ratio of 8.30 and a beta of 1.15.

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 £5.2 billion, extends to 2.7 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.