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Shaftesbury Capital ( (GB:SHC) ) has shared an announcement.
Shaftesbury Capital PLC reported strong performance in its latest trading update, highlighting high occupancy and robust leasing activity in its West End estates. The company completed 367 leasing transactions year-to-date, yielding £30.2 million in new contracted rent, significantly surpassing previous rent benchmarks. With a vibrant portfolio and strategic asset management, Shaftesbury Capital is well-positioned for continued growth, supported by a strong balance sheet and substantial liquidity. The company has also made significant investments in targeted acquisitions and secured a new £300 million credit facility, enhancing its financial flexibility and growth prospects.
The most recent analyst rating on (GB:SHC) stock is a Hold with a £151.00 price target. To see the full list of analyst forecasts on Shaftesbury Capital stock, see the GB:SHC Stock Forecast page.
Spark’s Take on GB:SHC Stock
According to Spark, TipRanks’ AI Analyst, GB:SHC is a Neutral.
Shaftesbury Capital’s overall stock score is driven by its strong financial performance, characterized by robust revenue growth and profitability. The valuation is attractive with a low P/E ratio and a decent dividend yield. Technical analysis indicates mixed signals with a slight bearish trend, but positive momentum indicators. The absence of recent earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on GB:SHC stock, click here.
More about Shaftesbury Capital
Shaftesbury Capital PLC is a leading central London mixed-use Real Estate Investment Trust (REIT) and a constituent of the FTSE-250 Index. The company’s property portfolio, valued at £5.2 billion, spans 2.7 million square feet of lettable space in vibrant areas of London’s West End, including Covent Garden, Carnaby, Soho, and Chinatown. Shaftesbury Capital’s properties feature a diverse mix of shops, restaurants, cafés, bars, residential, and office spaces, strategically located near major transport hubs.
Average Trading Volume: 3,589,974
Technical Sentiment Signal: Buy
Current Market Cap: £2.83B
Learn more about SHC stock on TipRanks’ Stock Analysis page.