Shaftesbury Capital (LON:SHC) Reaches New 1-Year High - Still a Buy?

Key Points

• Shaftesbury Capital PLC shares reached a new 52-week high, trading at GBX 162.90 ($2.17), indicating strong investor interest.
• Recent analyst upgrades include Citigroup raising their target price from GBX 208 ($2.77) to GBX 210 ($2.79) and Peel Hunt increasing theirs from GBX 170 ($2.26) to GBX 190 ($2.53), both maintaining a "buy" rating.
• As of the latest earnings report, Shaftesbury Capital reported a net margin of 16.37% and a projected average earnings per share of approximately 5.07 for the current year.

Shaftesbury Capital PLC (LON:SHC - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as GBX 162.90 ($2.19) and last traded at GBX 160.80 ($2.16), with a volume of 5552632 shares trading hands. The stock had previously closed at GBX 159.30 ($2.14).

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SHC. Citigroup lifted their target price on Shaftesbury Capital from GBX 208 ($2.80) to GBX 210 ($2.82) and gave the stock a "buy" rating in a research report on Monday, July 28th. Peel Hunt lifted their price objective on Shaftesbury Capital from GBX 170 ($2.29) to GBX 190 ($2.56) and gave the stock a "buy" rating in a report on Tuesday, July 29th.

Shaftesbury Capital Stock Performance

The business's 50 day moving average price is GBX 152.87 and its 200-day moving average price is GBX 136.21. The company has a market cap of £3.06 billion, a price-to-earnings ratio of 76.89 and a beta of 1.15.

Shaftesbury Capital (LON:SHC - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported GBX 2.20 ($0.03) earnings per share for the quarter. Shaftesbury Capital had a net margin of 16.37% and a return on equity of 1.07%. On average, equities research analysts expect that Shaftesbury Capital PLC will post 5.0712105 earnings per share for the current fiscal year.

About Shaftesbury Capital

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, extends to 2.7 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.