Shaftesbury Capital (LON:SHC) Stock Price Up 0.2% - Should You Buy?

Key Points

• Shares traded up 0.2% to GBX 137.90 on Thursday, but volume was down sharply—about a 76% decline versus the average daily share turnover.
• Analyst sentiment is cautiously positive with three Buy and one Hold ratings, an average rating of "Moderate Buy" and a consensus price target of GBX 184.50; Berenberg raised its target to GBX 153 while keeping a Hold.
• Key fundamentals: market capitalization ~£2.51 billion, P/E of 7.45, last quarter EPS GBX 4.50 with analysts forecasting ~GBX 5.07 for the year, and a property portfolio valued at ~£5.4 billion concentrated in London’s West End.

Shares of Shaftesbury Capital PLC (LON:SHC - Get Free Report) rose 0.2% during mid-day trading on Thursday . The company traded as high as GBX 137.90 and last traded at GBX 137.90. Approximately 2,883,884 shares were traded during trading, a decline of 76% from the average daily volume of 11,996,465 shares. The stock had previously closed at GBX 137.60.

Wall Street Analyst Weigh In

Separately, Berenberg Bank increased their target price on Shaftesbury Capital from GBX 151 to GBX 153 and gave the stock a "hold" rating in a research note on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of GBX 184.50.

Shaftesbury Capital Trading Up 0.2%

The firm has a market capitalization of £2.51 billion, a PE ratio of 7.45 and a beta of 0.90. The business has a 50 day moving average price of GBX 140.25 and a 200-day moving average price of GBX 141.38.

Shaftesbury Capital (LON:SHC - Get Free Report) last issued its earnings results on Wednesday, February 25th. The company reported GBX 4.50 earnings per share (EPS) for the quarter. Shaftesbury Capital had a return on equity of 8.78% and a net margin of 141.28%. On average, equities research analysts forecast that Shaftesbury Capital PLC will post 5.0712105 earnings per share for the current 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 under management, valued at £5.4 billion, extends to 2.8 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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