Shaftesbury Capital (LON:SHC) Trading Up 2.3% - Time to Buy?

Key Points

• Shaftesbury Capital PLC shares increased by 2.3% on Monday, trading at GBX 141.61 ($1.89), although the trading volume declined significantly.
• Brokerages have issued buy ratings for the stock, with Citigroup and Peel Hunt raising their target prices to GBX 210 and GBX 190 respectively, highlighting a consensus rating of "Buy" with an average target price of GBX 200.
• The company reported a net margin of 16.37% and earnings per share (EPS) of GBX 2.20 for the last quarter, with expectations of EPS growth to 5.07 for the current fiscal year.

Shaftesbury Capital PLC (LON:SHC - Get Free Report) shares shot up 2.3% during trading on Monday . The stock traded as high as GBX 141.80 ($1.89) and last traded at GBX 141.61 ($1.89). 1,828,618 shares were traded during mid-day trading, a decline of 76% from the average session volume of 7,706,687 shares. The stock had previously closed at GBX 138.40 ($1.85).

Analyst Upgrades and Downgrades

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

Shaftesbury Capital Trading Up 2.3%

The firm has a market cap of £2.58 billion, a price-to-earnings ratio of 813.86 and a beta of 1.15. The stock has a 50-day moving average of GBX 144.90 and a 200-day moving average of GBX 143.46.

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 return on equity of 1.07% and a net margin of 16.37%. As a group, research analysts expect that Shaftesbury Capital PLC will post 5.0712105 earnings per share 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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