Shaftesbury Capital (LON:SHC) Stock Price Down 0.1% - What's Next?

Key Points

• Shaftesbury Capital's stock price decreased by 0.1%, trading at GBX 139.30 ($1.88) after trading as low as GBX 138.20 ($1.86).
• Analysts have optimistic forecasts, with a consensus rating of "Buy" and a price target increase to GBX 190 from Peel Hunt, while Citigroup raised its target to GBX 210.
• The company reported a net margin of 16.37% and had a price-to-earnings ratio of 800.57, raising questions about valuation despite its strong property portfolio in London's West End.

Shares of Shaftesbury Capital PLC (LON:SHC - Get Free Report) were down 0.1% during mid-day trading on Friday . The stock traded as low as GBX 138.20 ($1.87) and last traded at GBX 139.30 ($1.88). Approximately 14,233,888 shares were traded during trading, an increase of 75% from the average daily volume of 8,117,545 shares. The stock had previously closed at GBX 139.40 ($1.88).

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SHC shares. Peel Hunt raised their price target on shares of Shaftesbury Capital from GBX 170 to GBX 190 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Citigroup raised their price objective on shares of Shaftesbury Capital from GBX 208 to GBX 210 and gave the stock a "buy" rating in a report on Monday, July 28th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of GBX 200.

Shaftesbury Capital Stock Performance

The company has a market cap of £2.56 billion, a PE ratio of 808.05 and a beta of 1.15. The business's 50-day moving average is GBX 149.78 and its 200 day moving average is GBX 141.33.

Shaftesbury Capital (LON:SHC - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported GBX 2.20 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 anticipate that Shaftesbury Capital PLC will post 5.0712105 EPS 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.