Shaftesbury Capital (LON:SHC) Shares Up 1.4% – Here’s What Happened

Shaftesbury Capital PLC (LON:SHC)’s share price traded up 1.4% during trading on Wednesday . The company 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).

Wall Street Analyst Weigh In

Several research analysts have recently commented on SHC shares. Berenberg Bank raised their price objective 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. Citigroup reaffirmed a “buy” rating on shares of Shaftesbury Capital in a research note on Monday, July 8th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 174 ($2.26) price objective on shares of Shaftesbury Capital in a report on Thursday, August 1st.

Shaftesbury Capital Stock Performance

The stock has a market cap of £2.81 billion, a P/E ratio of -3,600.00 and a beta of 1.15. The company’s fifty day moving average price is GBX 146.84 and its 200-day moving average price is GBX 143.90.

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.