Shaftesbury Capital (LON:SHC) Shares Up 0.6% – Should You Buy?

Shaftesbury Capital PLC (LON:SHC)’s stock price rose 0.6% during trading on Wednesday . The company traded as high as GBX 144.20 and last traded at GBX 144.10. Approximately 839,294 shares were traded during trading, a decline of 88% from the average daily volume of 7,178,820 shares. The stock had previously closed at GBX 143.20.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SHC shares. Peel Hunt reaffirmed a “buy” rating and set a GBX 190 price objective on shares of Shaftesbury Capital in a research report on Wednesday, December 3rd. Jefferies Financial Group boosted their target price on shares of Shaftesbury Capital from GBX 181 to GBX 185 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Shaftesbury Capital currently has a consensus rating of “Buy” and a consensus price target of GBX 195.

Shaftesbury Capital Price Performance

The stock has a market cap of £2.63 billion, a P/E ratio of 8.28 and a beta of 1.15. The stock has a 50-day simple moving average of GBX 141.83 and a 200-day simple moving average of GBX 146.22.

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 under management, valued at £5.2 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.