Shaftesbury Capital (LON:SHC) Trading Down 1.1% - Time to Sell?

Key Points

• Shaftesbury Capital shares fell 1.1% to GBX 139.80, while trading volume surged 154% above the average session volume.
• Analysts remain positive, with all five covering the stock rating it a Buy and an average price target of GBX 186.60, implying substantial upside from the current price.
• The company reported quarterly EPS of GBX 2.40 and forecasts call for approximately GBX 5.07 in full-year EPS; insider Rachel Kentleton also purchased 17,785 shares at GBX 144 each.

Shares of Shaftesbury Capital PLC (LON:SHC - Get Free Report) traded down 1.1% during trading on Wednesday . The company traded as low as GBX 136.90 and last traded at GBX 139.80. Approximately 49,972,617 shares were traded during mid-day trading, an increase of 154% from the average session volume of 19,692,352 shares. The stock had previously closed at GBX 141.30.

Analyst Ratings Changes

Several brokerages recently commented on SHC. Berenberg Bank boosted their price objective on shares of Shaftesbury Capital from GBX 151 to GBX 166 and gave the company a "buy" rating in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Shaftesbury Capital from GBX 185 to GBX 195 and gave the stock a "buy" rating in a research note on Wednesday, August 12th. Royal Bank Of Canada reduced their price target on shares of Shaftesbury Capital from GBX 210 to GBX 200 and set a "buy" rating for the company in a research report on Monday, June 15th. Finally, Jefferies Financial Group upped their price target on shares of Shaftesbury Capital from GBX 176 to GBX 182 and gave the stock a "buy" rating in a report on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of GBX 186.60.

Shaftesbury Capital Trading Down 1.1%

The company has a market capitalization of £2.56 billion, a P/E ratio of 6.72 and a beta of 0.96. The business's fifty day moving average price is GBX 144.41 and its 200-day moving average price is GBX 138.12.

Shaftesbury Capital (LON:SHC - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported GBX 2.40 earnings per share (EPS) for the quarter. Shaftesbury Capital had a net margin of 156.85% and a return on equity of 9.48%. As a group, equities research analysts forecast that Shaftesbury Capital PLC will post 5.0712105 EPS for the current year.

Insider Activity

In other news, insider Rachel Kentleton acquired 17,785 shares of Shaftesbury Capital stock in a transaction dated Wednesday, July 29th. The shares were purchased at an average cost of GBX 144 per share, for a total transaction of £25,610.40. Insiders own 0.66% of the company's stock.

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.

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