Shaftesbury Capital (LON:SHC) Price Target Lowered to GBX 200 at Royal Bank Of Canada

Shaftesbury Capital (LON:SHC) had its price objective decreased by stock analysts at Royal Bank Of Canada from GBX 210 to GBX 200 in a note issued to investors on Monday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 46.84% from the company’s previous close.

Several other equities analysts have also recently issued reports on the company. Jefferies Financial Group restated a “buy” rating and set a GBX 176 price objective on shares of Shaftesbury Capital in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 185 target price on shares of Shaftesbury Capital in a research note on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 185.67.

Shaftesbury Capital Trading Down 0.2%

Shaftesbury Capital stock traded down GBX 0.30 during midday trading on Monday, hitting GBX 136.20. The stock had a trading volume of 428,557 shares, compared to its average volume of 19,686,805. The business has a fifty day moving average price of GBX 133.84 and a 200 day moving average price of GBX 138.76. Shaftesbury Capital has a 12 month low of GBX 124.10 and a 12 month high of GBX 162.90. The stock has a market cap of £2.48 billion, a P/E ratio of 7.36 and a beta of 0.97.

Insiders Place Their Bets

In other Shaftesbury Capital news, insider Jonathan Nicholls bought 100,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of GBX 129 per share, with a total value of £129,000. 0.65% of the stock is owned by insiders.

About Shaftesbury Capital

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.