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Citigroup Reiterates "Buy" Rating for Shaftesbury Capital (LON:SHC)

Shaftesbury Capital logo with Real Estate background

Shaftesbury Capital (LON:SHC - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Citigroup in a research report issued to clients and investors on Tuesday, Marketbeat reports.

Shaftesbury Capital Stock Up 2.2 %

SHC traded up GBX 3 ($0.04) during trading on Tuesday, hitting GBX 140.10 ($1.86). The company had a trading volume of 4,538,439 shares, compared to its average volume of 9,192,617. The company has a market capitalization of £2.71 billion, a PE ratio of 68.15 and a beta of 1.15. Shaftesbury Capital has a one year low of GBX 111.60 ($1.48) and a one year high of GBX 156.30 ($2.07). The firm's 50-day moving average price is GBX 123.37 and its 200 day moving average price is GBX 127.08.

Shaftesbury Capital (LON:SHC - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported GBX 4 ($0.05) EPS for the quarter. Shaftesbury Capital had a return on equity of 1.07% and a net margin of 16.37%. Sell-side analysts forecast that Shaftesbury Capital will post 5.0712105 earnings per share for the current year.

Insider Buying and Selling at Shaftesbury Capital

In other news, insider Madeleine Cosgrave bought 40,000 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were acquired at an average cost of GBX 127 ($1.69) per share, for a total transaction of £50,800 ($67,409.77). Company insiders own 1.71% of the company's stock.

Shaftesbury Capital Company Profile

(Get Free Report)

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.

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