Shaftesbury Capital (LON:SHC) Price Target Raised to GBX 210

Key Points

• Citigroup has raised its price target for Shaftesbury Capital from GBX 208 to GBX 210, indicating a potential upside of 33.70% from the stock's previous close.
• Shaftesbury Capital, a key player in London's real estate market, operates a property portfolio valued at £4.8 billion across popular areas like Covent Garden and Soho.
• The company currently holds a market capitalization of £3.04 billion with a price-to-earnings ratio of 76.41 and a beta of 1.15.

Shaftesbury Capital (LON:SHC - Get Free Report) had its price target lifted by equities researchers at Citigroup from GBX 208 ($2.76) to GBX 210 ($2.78) in a research note issued on Monday, MarketBeat.com reports. The brokerage presently has a "buy" rating on the stock. Citigroup's target price would suggest a potential upside of 32.71% from the company's current price.

Shaftesbury Capital Stock Down 0.9%

SHC traded down GBX 1.47 ($0.02) during trading hours on Monday, reaching GBX 158.24 ($2.10). 8,137,672 shares of the company's stock traded hands, compared to its average volume of 7,172,725. The firm has a market capitalization of £3.06 billion, a PE ratio of 76.98 and a beta of 1.15. The firm has a 50-day moving average price of GBX 150.93 and a 200 day moving average price of GBX 134.44. Shaftesbury Capital has a 52-week low of GBX 111.60 ($1.48) and a 52-week high of GBX 162.70 ($2.16).

Shaftesbury Capital (LON:SHC - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported GBX 2.20 ($0.03) earnings per share (EPS) for the quarter. Shaftesbury Capital had a net margin of 16.37% and a return on equity of 1.07%. Equities analysts predict that Shaftesbury Capital will post 5.0712105 EPS for the current fiscal year.

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, valued at £4.8 billion, extends to 2.7 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.