Shaftesbury Capital’s (SHC) “Buy” Rating Reiterated at Jefferies Financial Group

Shaftesbury Capital (LON:SHC)‘s stock had its “buy” rating reissued by Jefferies Financial Group in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 170 target price on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 21.00% from the stock’s current price.

Several other analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Shaftesbury Capital from GBX 185 to GBX 195 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Berenberg Bank lifted their price target on Shaftesbury Capital from GBX 151 to GBX 166 and gave the company a “buy” rating in a report on Monday, August 10th. Five research analysts have rated the stock with a Buy rating. According to MarketBeat.com, Shaftesbury Capital has an average rating of “Buy” and an average price target of GBX 184.20.

Shaftesbury Capital Stock Performance

Shares of LON SHC traded down GBX 0.40 during mid-day trading on Thursday, reaching GBX 140.50. The company had a trading volume of 61,924,199 shares, compared to its average volume of 18,364,172. The company has a market capitalization of £2.57 billion, a price-to-earnings ratio of 6.75 and a beta of 0.96. The stock has a fifty day moving average of GBX 142.54 and a two-hundred day moving average of GBX 138.46. Shaftesbury Capital has a 12-month low of GBX 124.10 and a 12-month high of GBX 155.10.

Shaftesbury Capital (LON:SHC) last released its quarterly earnings data on Wednesday, July 29th. The company reported GBX 2.40 earnings per share for the quarter. Shaftesbury Capital had a net margin of 156.85% and a return on equity of 9.48%. Sell-side analysts forecast that Shaftesbury Capital will post 5.07 earnings per share for the current fiscal year.

Insider Activity at Shaftesbury Capital

In related news, insider Rachel Kentleton acquired 17,785 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were acquired at an average cost of GBX 144 per share, with a total value of £25,610.40. Corporate insiders own 0.66% 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.