Shaftesbury Capital (LON:SHC) Shares Up 1%

Shaftesbury Capital PLC (LON:SHCGet Free Report)’s stock price shot up 1% on Wednesday . The stock traded as high as GBX 134.10 ($1.70) and last traded at GBX 133.30 ($1.69). 2,319,238 shares were traded during trading, an increase of 12% from the average session volume of 2,065,279 shares. The stock had previously closed at GBX 132 ($1.68).

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 160 ($2.03) price target on shares of Shaftesbury Capital in a report on Thursday, December 14th.

Read Our Latest Stock Analysis on Shaftesbury Capital

Shaftesbury Capital Stock Performance

The firm has a market capitalization of £2.60 billion, a price-to-earnings ratio of 444.33 and a beta of 1.12. The company has a fifty day moving average of GBX 130.23 and a two-hundred day moving average of GBX 121.09.

Insider Buying and Selling

In related news, insider Richard Akers acquired 50,000 shares of the stock in a transaction on Monday, November 13th. The shares were purchased at an average price of GBX 113 ($1.44) per share, for a total transaction of £56,500 ($71,828.12). 3.54% of the stock is currently owned by insiders.

About Shaftesbury Capital

(Get Free Report)

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 £4.9 billion at June 2023, extends to 2.9 million square feet of lettable space across the most vibrant areas of London's West End.

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