Shaftesbury Capital (LON:SHC) Trading Up 1.2% – What’s Next?

Shaftesbury Capital PLC (LON:SHC)’s share price rose 1.2% on Thursday . The company traded as high as GBX 129.90 ($1.64) and last traded at GBX 129.90 ($1.64). Approximately 920,989 shares traded hands during trading, a decline of 78% from the average daily volume of 4,216,608 shares. The stock had previously closed at GBX 128.40 ($1.62).

Analysts Set New Price Targets

Several research firms have recently commented on SHC. Jefferies Financial Group restated a “buy” rating and set a GBX 174 ($2.19) price target on shares of Shaftesbury Capital in a research note on Thursday, August 1st. Berenberg Bank raised their target price on shares of Shaftesbury Capital from GBX 160 ($2.01) to GBX 174 ($2.19) and gave the stock a “buy” rating in a research note on Thursday, August 15th.

Shaftesbury Capital Trading Up 0.4 %

The stock’s 50 day moving average price is GBX 142.17 and its two-hundred day moving average price is GBX 143.74. The firm has a market capitalization of £2.54 billion, a price-to-earnings ratio of -3,247.50 and a beta of 1.15.

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, valued at £4.8 billion at December 2023, extends to 2.9 million square feet of lettable space across the most vibrant areas of London's West End.