Shaftesbury Capital (LON:SHC) Trading Up 1.9% – Time to Buy?

Shaftesbury Capital PLC (LON:SHC)’s stock price shot up 1.9% on Wednesday . The stock traded as high as GBX 142.20 and last traded at GBX 141.91. 3,463,015 shares were traded during trading, a decline of 51% from the average session volume of 7,116,116 shares. The stock had previously closed at GBX 139.30.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upped their price objective on Shaftesbury Capital from GBX 181 to GBX 185 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 195.

Shaftesbury Capital Trading Up 1.9%

The company has a market capitalization of £2.59 billion, a P/E ratio of 8.16 and a beta of 1.15. The company has a 50 day moving average price of GBX 141.97 and a 200 day moving average price of GBX 146.70.

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.