Shaftesbury Capital (LON:SHC) Trading Up 0.8% – Time to Buy?

Shaftesbury Capital PLC (LON:SHC)’s stock price was up 0.8% during mid-day trading on Wednesday . The company traded as high as GBX 139.10 and last traded at GBX 137.50. Approximately 6,688,493 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 13,930,849 shares. The stock had previously closed at GBX 136.40.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SHC. Berenberg Bank upped their price target on Shaftesbury Capital from GBX 151 to GBX 153 and gave the company a “hold” rating in a research report on Monday, January 26th. Peel Hunt reissued a “buy” rating and issued a GBX 190 price objective on shares of Shaftesbury Capital in a report on Wednesday, December 3rd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Shaftesbury Capital currently has an average rating of “Moderate Buy” and a consensus target price of GBX 184.50.

Shaftesbury Capital Stock Performance

The stock’s 50 day moving average is GBX 144.16 and its 200 day moving average is GBX 142.47. The company has a market capitalization of £2.50 billion, a PE ratio of 7.43 and a beta of 0.90.

Shaftesbury Capital (LON:SHC) last released its quarterly earnings data on Wednesday, February 25th. The company reported GBX 4.50 earnings per share for the quarter. Shaftesbury Capital had a net margin of 141.28% and a return on equity of 8.78%. On average, equities research analysts forecast that Shaftesbury Capital PLC will post 5.0712105 EPS 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 under management, valued at £5.4 billion, extends to 2.8 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.