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

Shaftesbury Capital PLC (LON:SHC) reached a new 52-week high during mid-day trading on Tuesday . The company 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).

Analyst Upgrades and Downgrades

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

Shaftesbury Capital Price Performance

The firm has a market cap of £3.00 billion, a P/E ratio of -3,780.00 and a beta of 1.15. The company’s 50-day moving average is GBX 148.21 and its two-hundred day moving average is GBX 142.17.

Shaftesbury Capital Increases Dividend

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

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, 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.