Citigroup Reaffirms “Buy” Rating for Shaftesbury Capital (LON:SHC)

Shaftesbury Capital (LON:SHC)‘s stock had its “buy” rating reissued by equities research analysts at Citigroup in a report released on Tuesday, MarketBeat reports.

Shaftesbury Capital Price Performance

SHC opened at GBX 135.64 ($1.81) on Tuesday. The stock has a market capitalization of £2.63 billion, a price-to-earnings ratio of 65.98 and a beta of 1.15. Shaftesbury Capital has a 12 month low of GBX 111.60 ($1.49) and a 12 month high of GBX 156.30 ($2.08). The business has a 50-day moving average of GBX 122.84 and a two-hundred day moving average of GBX 127.30.

Shaftesbury Capital (LON:SHC) last posted its quarterly earnings results on Thursday, February 27th. The company reported GBX 4 ($0.05) earnings per share for the quarter. Shaftesbury Capital had a net margin of 16.37% and a return on equity of 1.07%. Equities research analysts anticipate that Shaftesbury Capital will post 5.0712105 earnings per share for the current year.

Insider Activity

In other news, insider Madeleine Cosgrave purchased 40,000 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was acquired at an average cost of GBX 127 ($1.69) per share, with a total value of £50,800 ($67,688.21). Insiders own 1.71% of the company’s stock.

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, 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.