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

Shaftesbury Capital (LON:SHC) had its price objective hoisted by Jefferies Financial Group from GBX 176 to GBX 182 in a research note released on Thursday,Digital Look reports. Jefferies Financial Group currently has a buy rating on the stock.

A number of other research firms also recently weighed in on SHC. Royal Bank Of Canada dropped their price target on shares of Shaftesbury Capital from GBX 210 to GBX 200 and set a “buy” rating for the company in a research note on Monday, June 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 185 price objective on shares of Shaftesbury Capital in a research note on Friday, May 15th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 151 target price on shares of Shaftesbury Capital in a report on Wednesday. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 181.60.

Shaftesbury Capital Stock Down 1.5%

Shares of SHC stock opened at GBX 143.80 on Thursday. The firm has a market cap of £2.62 billion, a price-to-earnings ratio of 7.77 and a beta of 0.96. Shaftesbury Capital has a 12 month low of GBX 124.10 and a 12 month high of GBX 162.90. The stock has a 50-day moving average price of GBX 137.93 and a 200 day moving average price of GBX 138.39.

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

Insider Transactions at Shaftesbury Capital

In other Shaftesbury Capital news, insider Jonathan Nicholls bought 100,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was purchased at an average cost of GBX 129 per share, with a total value of £129,000. Also, insider Rachel Kentleton purchased 17,785 shares of the stock in a transaction on Wednesday, July 29th. The stock was acquired at an average price of GBX 144 per share, with a total value of £25,610.40. 0.65% of the stock is currently 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.