Shaftesbury Capital (LON:SHC) Price Target Raised to GBX 182

Shaftesbury Capital (LON:SHC) had its price target upped by analysts at Jefferies Financial Group from GBX 176 to GBX 182 in a research note issued on Thursday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 26.04% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Royal Bank Of Canada lowered their price target on shares of Shaftesbury Capital from GBX 210 to GBX 200 and set a “buy” rating on the stock in a research note on Monday, June 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 185 price objective on shares of Shaftesbury Capital in a report on Friday, May 15th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 151 target price on shares of Shaftesbury Capital in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 181.60.

Shaftesbury Capital Price Performance

Shaftesbury Capital stock opened at GBX 144.40 on Thursday. The stock’s 50 day moving average price is GBX 137.42 and its 200 day moving average price is GBX 138.34. Shaftesbury Capital has a 1-year low of GBX 124.10 and a 1-year high of GBX 162.90. The company has a market cap of £2.63 billion, a PE ratio of 7.81 and a beta of 0.96.

Shaftesbury Capital (LON:SHC) last released its quarterly earnings data on Wednesday, July 29th. The company reported GBX 2.40 earnings per share (EPS) for the quarter. Shaftesbury Capital had a return on equity of 8.78% and a net margin of 141.28%. On average, equities research analysts anticipate that Shaftesbury Capital will post 5.0712105 EPS for the current fiscal year.

Insider Activity

In other Shaftesbury Capital news, insider Rachel Kentleton acquired 17,785 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were acquired at an average cost of GBX 144 per share, for a total transaction of £25,610.40. Also, insider Jonathan Nicholls acquired 100,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average cost of GBX 129 per share, for a total transaction 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.