Shaftesbury Capital (LON:SHC) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Shaftesbury Capital (LON:SHC) had its price target boosted by investment analysts at Berenberg Bank from GBX 151 to GBX 153 in a research report issued on Monday, MarketBeat Ratings reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 8.61% from the company’s previous close.

SHC has been the subject of a number of other research reports. Peel Hunt restated a “buy” rating and issued a GBX 190 target price on shares of Shaftesbury Capital in a research note on Wednesday, December 3rd. Jefferies Financial Group raised their price objective on Shaftesbury Capital from GBX 181 to GBX 185 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Shaftesbury Capital presently has a consensus rating of “Moderate Buy” and an average target price of GBX 184.50.

Shaftesbury Capital Trading Up 0.0%

LON SHC opened at GBX 140.87 on Monday. Shaftesbury Capital has a 12-month low of GBX 111.60 and a 12-month high of GBX 162.90. The company has a fifty day simple moving average of GBX 141.56 and a two-hundred day simple moving average of GBX 144.78. The stock has a market cap of £2.57 billion, a P/E ratio of 8.10 and a beta of 1.15.

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 under management, valued at £5.2 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.