Shaftesbury Capital (LON:SHC) Issues Earnings Results

Key Points

• Shaftesbury Capital reported a quarterly EPS of GBX 2.20 ($0.03), with a return on equity of 1.07% and a net margin of 16.37%.
• The company's stock opened at GBX 161 ($2.15) and has a market cap of £3.12 billion, with a PE ratio of 78.32.
• Citigroup raised its target price for Shaftesbury Capital to GBX 210 ($2.81), maintaining a "buy" rating.

Shaftesbury Capital (LON:SHC - Get Free Report) announced its earnings results on Tuesday. The company reported GBX 2.20 ($0.03) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Shaftesbury Capital had a return on equity of 1.07% and a net margin of 16.37%.

Shaftesbury Capital Price Performance

Shares of SHC stock traded down GBX 2.40 ($0.03) during trading hours on Friday, reaching GBX 155.80 ($2.07). 8,477,070 shares of the company traded hands, compared to its average volume of 7,181,539. Shaftesbury Capital has a 12-month low of GBX 111.60 ($1.48) and a 12-month high of GBX 162.70 ($2.16). The company has a market cap of £3.02 billion, a P/E ratio of 75.79 and a beta of 1.15. The firm has a 50-day moving average price of GBX 151.48 and a 200 day moving average price of GBX 134.98.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Peel Hunt raised their target price on Shaftesbury Capital from GBX 170 ($2.26) to GBX 190 ($2.52) and gave the stock a "buy" rating in a research report on Tuesday. Citigroup lifted their price objective on Shaftesbury Capital from GBX 208 ($2.76) to GBX 210 ($2.79) and gave the company a "buy" rating in a research report on Monday, July 28th.

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.