Shaftesbury Capital (LON:SHC) Trading Down 1% – Should You Sell?

Shares of Shaftesbury Capital PLC (LON:SHC) dropped 1% during mid-day trading on Wednesday . The stock traded as low as GBX 143.60 and last traded at GBX 143.90. 3,057,363 shares were traded during trading, a decline of 85% from the average session volume of 20,231,527 shares. The stock had previously closed at GBX 145.40.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Jefferies Financial Group lifted their price target on Shaftesbury Capital from GBX 176 to GBX 182 and gave the company a “buy” rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft increased their price target on Shaftesbury Capital from GBX 185 to GBX 195 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada cut their price objective on Shaftesbury Capital from GBX 210 to GBX 200 and set a “buy” rating for the company in a research report on Monday, June 15th. Finally, Berenberg Bank increased their target price on Shaftesbury Capital from GBX 151 to GBX 166 and gave the company a “buy” rating in a research report on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 186.60.

Shaftesbury Capital Stock Up 0.3%

The firm has a 50-day moving average price of GBX 144.27 and a two-hundred day moving average price of GBX 138.90. The firm has a market cap of £2.70 billion, a PE ratio of 7.09 and a beta of 0.96.

Shaftesbury Capital (LON:SHC) last issued its quarterly earnings results on Wednesday, July 29th. The company reported GBX 2.40 EPS for the quarter. Shaftesbury Capital had a return on equity of 9.48% and a net margin of 156.85%. Research analysts forecast that Shaftesbury Capital PLC will post 5.0712105 earnings per share for the current fiscal year.

Insider Transactions at Shaftesbury Capital

In other Shaftesbury Capital news, insider Rachel Kentleton bought 17,785 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was acquired at an average price of GBX 144 per share, with a total value of £25,610.40. 0.66% of the stock is currently owned by company insiders.

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 £5.4 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.