Shaftesbury Capital (LON:SHC) Trading Down 0.7% - Here's What Happened

Key Points

• Shares fell 0.7% to GBX 132.51 in mid-day trading, with volume surging to 74,494,766 shares — a 312% increase versus the average session volume.
• Analysts remain cautiously positive: Berenberg raised its price target to GBX 153 (hold), and the consensus is a Moderate Buy with an average price target of GBX 184.50.

Shares of Shaftesbury Capital PLC (LON:SHC - Get Free Report) fell 0.7% during mid-day trading on Friday . The stock traded as low as GBX 131.60 and last traded at GBX 132.51. 74,494,766 shares were traded during mid-day trading, an increase of 312% from the average session volume of 18,072,533 shares. The stock had previously closed at GBX 133.50.

Analyst Upgrades and Downgrades

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

Shaftesbury Capital Stock Performance

The stock has a market cap of £2.42 billion, a PE ratio of 7.16 and a beta of 0.97. The company's 50-day moving average price is GBX 137.20 and its 200 day moving average price is GBX 141.05.

Shaftesbury Capital (LON:SHC - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported GBX 4.50 EPS for the quarter. Shaftesbury Capital had a net margin of 141.28% and a return on equity of 8.78%. As a group, equities research analysts predict that Shaftesbury Capital PLC will post 5.0712105 earnings per share for the current fiscal 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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