Shaftesbury Capital (LON:SHC) Price Target Raised to GBX 166

Shaftesbury Capital (LON:SHC) had its target price upped by Berenberg Bank from GBX 151 to GBX 166 in a research report released on Monday, MarketBeat reports. The firm currently has a buy rating on the stock.

A number of other research firms also recently commented on SHC. Royal Bank Of Canada decreased their price objective on shares of Shaftesbury Capital from GBX 210 to GBX 200 and set a “buy” rating for the company in a report on Monday, June 15th. Jefferies Financial Group lifted their price target on shares of Shaftesbury Capital from GBX 176 to GBX 182 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 185 price objective on shares of Shaftesbury Capital in a research report on Thursday, July 30th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 186.60.

Shaftesbury Capital Stock Performance

SHC opened at GBX 147.37 on Monday. The company has a 50-day moving average of GBX 139.78 and a 200-day moving average of GBX 138.54. The company has a market capitalization of £2.70 billion, a P/E ratio of 7.09 and a beta of 0.96. Shaftesbury Capital has a 1-year low of GBX 124.10 and a 1-year high of GBX 155.80.

Shaftesbury Capital (LON:SHC) last posted its quarterly earnings results on Wednesday, July 29th. The company reported GBX 2.40 EPS for the quarter. Shaftesbury Capital had a return on equity of 9.48% and a net margin of 156.85%. As a group, sell-side analysts expect that Shaftesbury Capital will post 5.0712105 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Rachel Kentleton bought 17,785 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The shares were purchased at an average price of GBX 144 per share, with a total value of £25,610.40. 0.66% of the stock is currently owned by insiders.

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 under management, valued at £5.4 billion, extends to 2.8 million square feet of lettable space across the most vibrant areas of London’s West End. With a diverse mix of shops, restaurants, cafés, bars, residential apartments and offices, our destinations include the high footfall, thriving neighbourhoods of Covent Garden, Carnaby, Soho and Chinatown.