Berenberg Bank Forecasts Strong Price Appreciation for Shaftesbury Capital (LON:SHC) Stock

Shaftesbury Capital (LON:SHC) had its price objective hoisted by investment analysts at Berenberg Bank from GBX 151 to GBX 166 in a research note issued to investors on Monday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 13.08% from the company’s current price.

A number of other research firms have also commented on SHC. Jefferies Financial Group increased their price target on Shaftesbury Capital from GBX 176 to GBX 182 and gave the company a “buy” rating in a research report on Thursday, July 30th. Royal Bank Of Canada cut their price objective on shares of Shaftesbury Capital from GBX 210 to GBX 200 and set a “buy” rating on the stock in a report on Monday, June 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 185 target price on shares of Shaftesbury Capital in a research note on Thursday, July 30th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Shaftesbury Capital presently has an average rating of “Buy” and a consensus target price of GBX 184.60.

Shaftesbury Capital Stock Performance

Shares of SHC opened at GBX 146.80 on Monday. The firm has a market capitalization of £2.69 billion, a P/E ratio of 7.06 and a beta of 0.96. Shaftesbury Capital has a 52 week low of GBX 124.10 and a 52 week high of GBX 160.10. The stock has a 50 day moving average price of GBX 138.99 and a two-hundred day moving average price of GBX 138.45.

Shaftesbury Capital (LON:SHC) last posted its earnings results on Wednesday, July 29th. The company reported GBX 2.40 earnings per share for the quarter. Shaftesbury Capital had a return on equity of 9.48% and a net margin of 156.85%. On average, equities analysts forecast that Shaftesbury Capital will post 5.0712105 earnings per share for the current year.

Insider Buying and Selling

In other Shaftesbury Capital news, insider Rachel Kentleton purchased 17,785 shares of the company’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 purchased 100,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of GBX 129 per share, for a total transaction of £129,000. 0.66% 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.