Citigroup Increases Shaftesbury Capital (LON:SHC) Price Target 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 objective boosted by stock analysts at Citigroup from GBX 208 ($2.79) to GBX 210 ($2.82) in a note issued to investors on Monday,London Stock Exchange reports. The firm presently has a "buy" rating on the stock. Citigroup's price objective indicates a potential upside of 33.70% from the stock's previous close.

Shaftesbury Capital Price Performance

Shares of LON:SHC opened at GBX 157.07 ($2.11) on Monday. The company's fifty day moving average price is GBX 150 and its 200-day moving average price is GBX 133.81. The firm has a market capitalization of £3.04 billion, a price-to-earnings ratio of 76.41 and a beta of 1.15. Shaftesbury Capital has a one year low of GBX 111.60 ($1.50) and a one year high of GBX 159.90 ($2.15).

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.