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

Key Points

• Berenberg Bank raised Shaftesbury Capital’s price target to GBX 166 from GBX 151 and maintained a “buy” rating, implying 13.08% upside from the current price.
• Analyst sentiment remains positive: all five covering analysts rate the stock a Buy, with a consensus target price of GBX 184.60.
• Shaftesbury Capital shares opened at GBX 146.80, while company insiders recently purchased shares; the firm reported quarterly EPS of GBX 2.40 and analysts expect approximately 5.07 EPS for the fiscal year.

Shaftesbury Capital (LON:SHC - Get Free Report) had its price objective increased by Berenberg Bank from GBX 151 to GBX 166 in a research report issued to clients and investors on Monday,London Stock Exchange reports. The firm currently has a "buy" rating on the stock. Berenberg Bank's price target suggests a potential upside of 13.08% from the stock's current price.

A number of other research firms have also recently commented on SHC. Royal Bank Of Canada reduced their price target on shares of Shaftesbury Capital from GBX 210 to GBX 200 and set a "buy" rating for the company in a report on Monday, June 15th. Jefferies Financial Group upped their price objective on shares of Shaftesbury Capital from GBX 176 to GBX 182 and gave the company a "buy" rating in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 185 price objective on shares of Shaftesbury Capital in a report on Thursday, July 30th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average 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 cap of £2.69 billion, a PE 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 business's 50 day moving average price is GBX 138.99 and its two-hundred day moving average price is GBX 138.45.

Shaftesbury Capital (LON:SHC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported GBX 2.40 EPS for the quarter. Shaftesbury Capital had a net margin of 156.85% and a return on equity of 9.48%. Research analysts predict that Shaftesbury Capital will post 5.0712105 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jonathan Nicholls bought 100,000 shares of the business's stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average cost of GBX 129 per share, for a total transaction of £129,000. Also, insider Rachel Kentleton purchased 17,785 shares of Shaftesbury Capital stock in a transaction that occurred on Wednesday, July 29th. The stock was acquired at an average cost of GBX 144 per share, with a total value of £25,610.40. 0.66% of the stock is owned by company insiders.

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.

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