Shaftesbury Capital (LON:SHC) Stock Price Up 1.2% - Time to Buy?

Shaftesbury Capital PLC (LON:SHC - Get Free Report)'s share price was up 1.2% during mid-day trading 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 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).

Analyst Ratings Changes

A number of analysts have recently weighed in on SHC shares. Berenberg Bank upped their price objective on Shaftesbury Capital from GBX 160 ($2.01) to GBX 174 ($2.18) and gave the stock a "buy" rating in a research report on Thursday, August 15th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 174 ($2.18) price objective on shares of Shaftesbury Capital in a research note on Thursday, August 1st.

Shaftesbury Capital Trading Up 2.2 %

The firm has a market cap of £2.59 billion, a price-to-earnings ratio of -3,312.50 and a beta of 1.15. The firm has a 50 day moving average price of GBX 141.77 and a 200-day moving average price of GBX 143.69.

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.