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

Shaftesbury Capital PLC (LON:SHC)’s share price traded down 0.7% during trading on Friday . The company traded as low as GBX 131.60 and last traded at GBX 132.51. 74,494,766 shares changed hands during trading, an increase of 312% from the average session volume of 18,072,533 shares. The stock had previously closed at GBX 133.50.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lifted their target price on Shaftesbury Capital from GBX 151 to GBX 153 and gave the stock a “hold” rating in a report on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 184.50.

Shaftesbury Capital Price Performance

The company has a market capitalization of £2.42 billion, a price-to-earnings ratio of 7.16 and a beta of 0.97. The stock has a fifty day simple moving average of GBX 137.20 and a 200-day simple moving average of GBX 141.05.

Shaftesbury Capital (LON:SHC) last announced its earnings results on Wednesday, February 25th. The company reported GBX 4.50 earnings per share for the quarter. Shaftesbury Capital had a return on equity of 8.78% and a net margin of 141.28%. As a group, equities analysts expect that Shaftesbury Capital PLC will post 5.0712105 EPS for the current fiscal year.

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.