Shaftesbury Capital (LON:SHC) Stock Price Up 1.2% – Here’s Why

Shaftesbury Capital PLC (LON:SHC)’s stock price rose 1.2% on Thursday . The company traded as high as GBX 129.90 ($1.63) and last traded at GBX 129.90 ($1.63). Approximately 920,989 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 4,216,608 shares. The stock had previously closed at GBX 128.40 ($1.61).

Wall Street Analyst Weigh In

SHC has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 174 ($2.18) target price on shares of Shaftesbury Capital in a research report on Thursday, August 1st. Berenberg Bank raised their price objective on Shaftesbury Capital from GBX 160 ($2.01) to GBX 174 ($2.18) and gave the company a “buy” rating in a research note on Thursday, August 15th.

Shaftesbury Capital Trading Up 2.2 %

The stock has a market capitalization of £2.59 billion, a price-to-earnings ratio of -3,320.00 and a beta of 1.15. The stock has a fifty day moving average of GBX 141.37 and a two-hundred day moving average of GBX 143.66.

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.