Shaftesbury Capital (LON:SHC) Stock Price Down 0.1% - Time to Sell?

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) traded down 0.1% on Friday . The stock traded as low as GBX 138.20 ($1.86) and last traded at GBX 139.30 ($1.88). 14,233,888 shares changed hands during trading, an increase of 75% from the average session volume of 8,117,545 shares. The stock had previously closed at GBX 139.40 ($1.88).

Analyst Ratings Changes

SHC has been the subject of several recent research reports. Peel Hunt increased their price objective on Shaftesbury Capital from GBX 170 to GBX 190 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Citigroup increased their price objective on Shaftesbury Capital from GBX 208 to GBX 210 and gave the company a "buy" rating in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of GBX 200.

Shaftesbury Capital Stock Performance

The company has a 50 day moving average of GBX 150.03 and a 200 day moving average of GBX 140.84. The stock has a market capitalization of £2.54 billion, a price-to-earnings ratio of 800.57 and a beta of 1.15.

Shaftesbury Capital (LON:SHC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported GBX 2.20 EPS for the quarter. Shaftesbury Capital had a return on equity of 1.07% and a net margin of 16.37%. On average, equities analysts predict 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.

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