Peel Hunt Forecasts Strong Price Appreciation for Shaftesbury Capital (LON:SHC) Stock

Key Points

• Peel Hunt has raised its price target for Shaftesbury Capital from GBX 170 to GBX 190, indicating a potential upside of 18.75% and maintaining a "buy" rating for the stock.
• Citigroup also increased its target price on Shaftesbury Capital shares from GBX 208 to GBX 210, reaffirming a "buy" recommendation.
• Shaftesbury Capital reported a net margin of 16.37% and a return on equity of 1.07%, with earnings per share of GBX 2.20 in its last quarterly report.

Shaftesbury Capital (LON:SHC - Get Free Report) had its target price upped by stock analysts at Peel Hunt from GBX 170 ($2.25) to GBX 190 ($2.52) in a note issued to investors on Tuesday, MarketBeat reports. The brokerage currently has a "buy" rating on the stock. Peel Hunt's target price indicates a potential upside of 18.75% from the company's current price.

Separately, Citigroup raised their price objective on shares of Shaftesbury Capital from GBX 208 ($2.76) to GBX 210 ($2.78) and gave the company a "buy" rating in a research note on Monday.

Shaftesbury Capital Price Performance

Shares of SHC traded down GBX 1.20 ($0.02) during trading hours on Tuesday, hitting GBX 160 ($2.12). 12,607,002 shares of the stock were exchanged, compared to its average volume of 7,166,918. Shaftesbury Capital has a fifty-two week low of GBX 111.60 ($1.48) and a fifty-two week high of GBX 162.70 ($2.16). The business has a 50-day moving average of GBX 150.60 and a 200-day moving average of GBX 134.27. The firm has a market capitalization of £3.10 billion, a P/E ratio of 77.83 and a beta of 1.15.

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

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, 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.