Shaftesbury Capital (OTCMKTS:CCPPF) Stock Price Up 6.4% – Still a Buy?

Shares of Shaftesbury Capital PLC (OTCMKTS:CCPPF) rose 6.4% on Friday. The stock traded as high as $1.9150 and last traded at $1.9150. Approximately 567 shares were traded during trading, a decline of 72% from the average session volume of 2,056 shares. The stock had previously closed at $1.80.

Analyst Ratings Changes

Several research firms have commented on CCPPF. Jefferies Financial Group restated a “buy” rating on shares of Shaftesbury Capital in a research report on Wednesday, October 14th. Kepler Capital Markets raised shares of Shaftesbury Capital from a “reduce” rating to a “hold” rating in a research note on Tuesday, September 22nd. Finally, Morgan Stanley raised shares of Shaftesbury Capital from a “market perform” rating to an “overweight” rating in a report on Tuesday, September 1st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Shaftesbury Capital Price Performance

The business’s 50-day simple moving average is $1.81 and its two-hundred day simple moving average is $1.80.

About Shaftesbury Capital

Shaftesbury Capital plc is a London-focused real estate investment company that owns, manages and develops mixed-use properties in some of the capital’s most prominent West End locations. Its portfolio includes retail, food and beverage, leisure, office and residential space.

The company’s assets are concentrated in destinations such as Covent Garden, Soho, Chinatown, Carnaby, Seven Dials and Fitzrovia. Shaftesbury Capital works with occupiers and local stakeholders to curate high-quality districts that combine shops, restaurants, entertainment venues, workplaces and homes.

The company was formed in 2023 through the merger of Shaftesbury plc and Capital & Counties Properties plc.