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

Shaftesbury Capital (LON:SHC) had its price target cut by Royal Bank Of Canada from GBX 210 to GBX 200 in a research report sent to investors on Monday,London Stock Exchange reports. They currently have a buy rating on the stock.

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

Shaftesbury Capital Stock Down 0.2%

Shares of LON SHC traded down GBX 0.27 during mid-day trading on Monday, hitting GBX 136.23. 603,758 shares of the company traded hands, compared to its average volume of 19,688,342. Shaftesbury Capital has a 1 year low of GBX 124.10 and a 1 year high of GBX 162.90. The stock has a market capitalization of £2.48 billion, a price-to-earnings ratio of 7.36 and a beta of 0.97. The business has a 50 day moving average of GBX 133.84 and a two-hundred day moving average of GBX 138.76.

Insider Buying and Selling at Shaftesbury Capital

In other Shaftesbury Capital news, insider Jonathan Nicholls purchased 100,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of GBX 129 per share, for a total transaction of £129,000. Corporate insiders own 0.65% 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 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.