Shaftesbury Capital (LON:SHC) Shares Up 1.2% – Here’s What Happened

Shaftesbury Capital PLC (LON:SHC) shares rose 1.2% on Thursday . The company traded as high as GBX 129.90 ($1.63) and last traded at GBX 129.90 ($1.63). Approximately 920,989 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 4,216,608 shares. The stock had previously closed at GBX 128.40 ($1.61).

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Berenberg Bank boosted their target price on Shaftesbury Capital from GBX 160 ($2.01) to GBX 174 ($2.18) and gave the stock a “buy” rating in a research report on Thursday, August 15th. Jefferies Financial Group restated a “buy” rating and set a GBX 174 ($2.18) target price on shares of Shaftesbury Capital in a report on Thursday, August 1st.

Shaftesbury Capital Trading Up 2.2 %

The stock has a market capitalization of £2.59 billion, a P/E ratio of -3,320.00 and a beta of 1.15. The stock’s 50 day simple moving average is GBX 141.37 and its 200 day simple moving average is GBX 143.66.

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 at December 2023, extends to 2.9 million square feet of lettable space across the most vibrant areas of London's West End.