Shaftesbury Capital (LON:SHC) Trading Down 0.8% - Time to Sell?

Key Points

• Shaftesbury Capital shares are down 0.8%, trading at GBX 146.20 ($1.98), with a significant decline in trading volume of 55% from average levels.
• Analysts have a positive outlook, with Citigroup and Peel Hunt upping their price targets to GBX 210 and GBX 190 respectively, resulting in a consensus price target of GBX 200.
• The company's market cap is £2.83 billion and it reported a net margin of 16.37% with a return on equity of 1.07% in its last quarterly earnings.

Shaftesbury Capital PLC (LON:SHC - Get Free Report)'s stock price was down 0.8% on Thursday . The stock traded as low as GBX 145.08 ($1.96) and last traded at GBX 146.20 ($1.97). Approximately 3,056,367 shares changed hands during trading, a decline of 55% from the average daily volume of 6,732,938 shares. The stock had previously closed at GBX 147.40 ($1.99).

Analyst Ratings Changes

Several equities analysts have recently weighed in on SHC shares. Peel Hunt lifted their target price on shares of Shaftesbury Capital from GBX 170 to GBX 190 and gave the company a "buy" rating in a report on Tuesday, July 29th. Citigroup lifted their target price on shares of Shaftesbury Capital from GBX 208 to GBX 210 and gave the company a "buy" rating in a report on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of GBX 200.

Shaftesbury Capital Trading Down 0.1%

The stock has a market cap of £2.66 billion, a price-to-earnings ratio of 839.08 and a beta of 1.15. The firm's 50-day moving average is GBX 153.98 and its two-hundred day moving average is GBX 139.40.

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, analysts predict that Shaftesbury Capital PLC will post 5.0712105 earnings per share for the current 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.