Shaftesbury Capital (LON:SHC) Shares Up 1.4% – Should You Buy?

Shaftesbury Capital PLC (LON:SHC) shares traded up 1.4% on Wednesday . The stock traded as high as GBX 147.40 ($1.91) and last traded at GBX 144 ($1.87). 4,503,128 shares traded hands during mid-day trading, an increase of 5% from the average session volume of 4,292,039 shares. The stock had previously closed at GBX 142 ($1.84).

Analyst Ratings Changes

A number of research firms have recently commented on SHC. Jefferies Financial Group restated a “buy” rating and issued a GBX 174 ($2.26) price target on shares of Shaftesbury Capital in a report on Thursday, August 1st. Berenberg Bank increased their target price on Shaftesbury Capital from GBX 160 ($2.07) to GBX 174 ($2.26) and gave the stock a “buy” rating in a research note on Thursday, August 15th. Finally, Citigroup reissued a “buy” rating on shares of Shaftesbury Capital in a research report on Monday, July 8th.

Shaftesbury Capital Stock Up 0.4 %

The firm’s 50 day simple moving average is GBX 146.55 and its 200-day simple moving average is GBX 143.91. The company has a market capitalization of £2.66 billion, a PE ratio of -3,420.00 and a beta of 1.15.

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, 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.