Shaftesbury Capital (LON:SHC) Stock Price Down 1.1% – Time to Sell?

Shaftesbury Capital PLC (LON:SHC)’s share price fell 1.1% on Thursday . The company traded as low as GBX 147 and last traded at GBX 147.30. 4,645,371 shares were traded during trading, a decline of 67% from the average session volume of 14,011,988 shares. The stock had previously closed at GBX 149.

Wall Street Analyst Weigh In

Several brokerages recently commented on SHC. Jefferies Financial Group upped their target price on Shaftesbury Capital from GBX 181 to GBX 185 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Peel Hunt reissued a “buy” rating and issued a GBX 190 price target on shares of Shaftesbury Capital in a research note on Wednesday, December 3rd. Finally, Berenberg Bank raised their price objective on shares of Shaftesbury Capital from GBX 151 to GBX 153 and gave the stock a “hold” rating in a research report on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Shaftesbury Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 184.50.

Shaftesbury Capital Price Performance

The company’s fifty day simple moving average is GBX 143.71 and its two-hundred day simple moving average is GBX 143.85. The stock has a market cap of £2.71 billion, a price-to-earnings ratio of 8.54 and a beta of 1.15.

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 £5.2 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.