Shaftesbury Capital (LON:SHC) Sets New 12-Month High at $156.20

Shaftesbury Capital PLC (LON:SHC) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 156.20 ($2.06) and last traded at GBX 153.80 ($2.03), with a volume of 451262 shares. The stock had previously closed at GBX 152.80 ($2.02).

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Citigroup reissued a “buy” rating on shares of Shaftesbury Capital in a report on Monday, July 8th. Jefferies Financial Group restated a “buy” rating and issued a GBX 174 ($2.30) target price on shares of Shaftesbury Capital in a research report on Thursday, August 1st. Finally, Berenberg Bank upped their price target on shares of Shaftesbury Capital from GBX 160 ($2.11) to GBX 174 ($2.30) and gave the stock a “buy” rating in a report on Thursday, August 15th.

Shaftesbury Capital Price Performance

The company has a fifty day moving average price of GBX 148.21 and a two-hundred day moving average price of GBX 142.17. The company has a market capitalization of £3.00 billion, a P/E ratio of -3,780.00 and a beta of 1.15.

Shaftesbury Capital Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Thursday, August 22nd will be given a GBX 1.70 ($0.02) dividend. This is a boost from Shaftesbury Capital’s previous dividend of $1.65. This represents a yield of 1.12%. The ex-dividend date is Thursday, August 22nd. Shaftesbury Capital’s dividend payout ratio is -7,500.00%.

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.