Shaftesbury Capital (LON:SHC) Given New GBX 195 Price Target at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank raised Shaftesbury Capital’s price target to GBX 195 from GBX 185 and maintained a “buy” rating, implying 32.11% potential upside from the current price.
• Analyst sentiment remains positive: all five covering analysts rate the stock a Buy, with an average target price of GBX 186.60.
• Shaftesbury Capital reported quarterly earnings of GBX 2.40 per share, while insiders recently purchased shares; the stock opened at GBX 147.60 and has traded between GBX 124.10 and GBX 155.80 over the past year.

Shaftesbury Capital (LON:SHC - Get Free Report) had its price objective hoisted by analysts at Deutsche Bank Aktiengesellschaft from GBX 185 to GBX 195 in a note issued to investors on Wednesday,London Stock Exchange reports. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective would indicate a potential upside of 32.11% from the stock's current price.

Other equities analysts have also recently issued reports about the stock. Berenberg Bank boosted their target price on shares of Shaftesbury Capital from GBX 151 to GBX 166 and gave the company a "buy" rating in a research report on Monday. Royal Bank Of Canada lowered their price objective on shares of Shaftesbury Capital from GBX 210 to GBX 200 and set a "buy" rating for the company in a research report on Monday, June 15th. Finally, Jefferies Financial Group raised their target price on Shaftesbury Capital from GBX 176 to GBX 182 and gave the company a "buy" rating in a report on Thursday, July 30th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of GBX 186.60.

Shaftesbury Capital Stock Performance

Shares of SHC opened at GBX 147.60 on Wednesday. The firm has a market cap of £2.70 billion, a P/E ratio of 7.10 and a beta of 0.96. Shaftesbury Capital has a 52 week low of GBX 124.10 and a 52 week high of GBX 155.80. The firm's 50-day simple moving average is GBX 139.48 and its 200 day simple moving average is GBX 138.52.

Shaftesbury Capital (LON:SHC - Get Free Report) last released its quarterly earnings results 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%. As a group, equities analysts forecast that Shaftesbury Capital will post 5.0712105 earnings per share for the current year.

Insider Activity at Shaftesbury Capital

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