Shaftesbury Capital (LON:SHC) Sets New 12-Month High Following Analyst Upgrade

Key Points

• Shaftesbury Capital reached a new 52-week high, trading at GBX 159.90 ($2.15) with a total volume of over 3 million shares during mid-day trading.
• Citigroup reaffirmed a "buy" rating on the stock, indicating positive sentiment among analysts regarding its performance.
• The company operates a £4.8 billion property portfolio focused in London's West End, featuring a diverse range of retail and residential spaces.

Shares of Shaftesbury Capital PLC (LON:SHC - Get Free Report) reached a new 52-week high during trading on Monday after Peel Hunt raised their price target on the stock from GBX 170 to GBX 190. Peel Hunt currently has a buy rating on the stock. Shaftesbury Capital traded as high as GBX 159.90 ($2.12) and last traded at GBX 157.60 ($2.09), with a volume of 3025715 shares. The stock had previously closed at GBX 157.06 ($2.08).

Separately, Citigroup increased their price target on shares of Shaftesbury Capital from GBX 208 ($2.76) to GBX 210 ($2.78) and gave the company a "buy" rating in a report on Monday.

Shaftesbury Capital Stock Performance

The firm has a market cap of £3.06 billion, a price-to-earnings ratio of 76.98 and a beta of 1.15. The business's 50-day moving average is GBX 150.93 and its 200-day moving average is GBX 134.44.

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

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.