Shaftesbury Capital (LON:SHC) Posts Quarterly 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) posted its quarterly earnings data on Tuesday. The company reported GBX 2.20 ($0.03) earnings per share for the quarter, Digital Look Earnings reports. Shaftesbury Capital had a net margin of 16.37% and a return on equity of 1.07%.

Shaftesbury Capital Price Performance

Shaftesbury Capital stock traded down GBX 2.40 ($0.03) during mid-day trading on Friday, hitting GBX 155.80 ($2.07). 8,477,070 shares of the company's stock traded hands, compared to its average volume of 7,181,539. The firm has a 50 day simple moving average of GBX 151.48 and a two-hundred day simple moving average of GBX 134.98. Shaftesbury Capital has a fifty-two week low of GBX 111.60 ($1.48) and a fifty-two week high of GBX 162.70 ($2.16). The stock has a market cap of £3.02 billion, a price-to-earnings ratio of 75.79 and a beta of 1.15.

Wall Street Analyst Weigh In

SHC has been the topic of several analyst reports. Citigroup lifted their target price on shares of Shaftesbury Capital from GBX 208 ($2.76) to GBX 210 ($2.79) and gave the company a "buy" rating in a report on Monday. Peel Hunt boosted their price objective on shares of Shaftesbury Capital from GBX 170 ($2.26) to GBX 190 ($2.52) and gave the stock a "buy" rating in a research note on Tuesday.

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, 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.