Shaftesbury Capital (LON:SHC) Earns Buy Rating from Berenberg Bank

Shaftesbury Capital (LON:SHC)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research note issued on Tuesday, LSE.Co.UK reports. They currently have a GBX 160 ($2.03) price objective on the stock. Berenberg Bank’s price target would indicate a potential upside of 21.95% from the stock’s previous close.

Shaftesbury Capital Stock Performance

Shares of Shaftesbury Capital stock traded up GBX 2.40 ($0.03) during trading hours on Tuesday, reaching GBX 131.20 ($1.67). The company’s stock had a trading volume of 1,281,210 shares, compared to its average volume of 2,135,314. Shaftesbury Capital has a one year low of GBX 101.90 ($1.29) and a one year high of GBX 139.70 ($1.77). The company has a market capitalization of £2.56 billion, a P/E ratio of 437.33 and a beta of 1.12. The stock’s fifty day simple moving average is GBX 131.26 and its two-hundred day simple moving average is GBX 122.40.

Insider Buying and Selling at Shaftesbury Capital

In other news, insider Ian Hawksworth bought 88,888 shares of the stock in a transaction dated Thursday, February 29th. The stock was bought at an average price of GBX 124 ($1.57) per share, for a total transaction of £110,221.12 ($139,892.27). Insiders own 3.54% of the company’s stock.

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