Shaftesbury Capital’s (SHC) “Hold” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their hold rating on shares of Shaftesbury Capital (LON:SHC) in a research note published on Wednesday morning,Digital Look reports. The firm currently has a GBX 151 price objective on the stock.

Several other analysts have also recently issued reports on the stock. 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 note on Monday, June 15th. Jefferies Financial Group reissued a “buy” rating and set a GBX 176 price target on shares of Shaftesbury Capital in a research report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 185 price target on shares of Shaftesbury Capital in a research note on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 181.60.

Shaftesbury Capital Stock Performance

SHC opened at GBX 143.80 on Wednesday. The company’s 50 day simple moving average is GBX 137.93 and its 200 day simple moving average is GBX 138.39. Shaftesbury Capital has a 1 year low of GBX 124.10 and a 1 year high of GBX 162.90. The stock has a market capitalization of £2.62 billion, a PE ratio of 7.77 and a beta of 0.96.

Shaftesbury Capital (LON:SHC) last released its earnings results on Wednesday, July 29th. The company reported GBX 2.40 earnings per share (EPS) for the quarter. Shaftesbury Capital had a net margin of 141.28% and a return on equity of 8.78%. As a group, sell-side analysts expect that Shaftesbury Capital will post 5.0712105 earnings per share for the current fiscal year.

Insider Buying and Selling at Shaftesbury Capital

In related news, insider Jonathan Nicholls acquired 100,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost 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 on Wednesday, July 29th. The shares were bought at an average price of GBX 144 per share, for a total transaction of £25,610.40. Insiders own 0.65% of the company’s stock.

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.