Shaftesbury Capital (LON:SHC) Given Buy Rating at Jefferies Financial Group

Key Points

• Jefferies reiterated its “Buy” rating on Shaftesbury Capital and maintained a GBX 170 price target, implying approximately 20.57% upside from the GBX 141 opening price.
• Analyst sentiment remains positive: five analysts rate the stock a Buy, with a consensus price target of GBX 184.20. Berenberg and Deutsche Bank recently raised their respective targets to GBX 166 and GBX 195.
• Insider Rachel Kentleton bought 17,785 shares at GBX 144 each for roughly £25,610, while the company recently reported quarterly earnings of GBX 2.40 per share.

Shaftesbury Capital (LON:SHC - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Jefferies Financial Group in a research note issued to investors on Thursday, Digital Look reports. They presently have a GBX 170 price target on the stock. Jefferies Financial Group's price target would indicate a potential upside of 20.57% from the company's current price.

A number of other research analysts have also issued reports on the stock. Berenberg Bank lifted their target price on shares of Shaftesbury Capital from GBX 151 to GBX 166 and gave the stock a "buy" rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft raised their target price on Shaftesbury Capital from GBX 185 to GBX 195 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. Five equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of GBX 184.20.

Shaftesbury Capital Price Performance

SHC stock opened at GBX 141 on Thursday. The company has a 50 day simple moving average of GBX 142.54 and a 200 day simple moving average of GBX 138.46. The stock has a market cap of £2.58 billion, a price-to-earnings ratio of 6.78 and a beta of 0.96. Shaftesbury Capital has a 1 year low of GBX 124.10 and a 1 year high of GBX 155.10.

Shaftesbury Capital (LON:SHC - Get Free Report) 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 return on equity of 9.48% and a net margin of 156.85%. On average, equities research analysts anticipate that Shaftesbury Capital will post 5.07 EPS for the current fiscal year.

Insider Buying and Selling

In other Shaftesbury Capital news, insider Rachel Kentleton purchased 17,785 shares of the firm's stock in a transaction on Wednesday, July 29th. The stock was purchased at an average cost of GBX 144 per share, for a total transaction of £25,610.40. Company insiders own 0.66% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.