Jefferies Financial Group Reaffirms “Buy” Rating for Shaftesbury Capital (LON:SHC)

Shaftesbury Capital (LON:SHC)‘s stock had its “buy” rating restated by research analysts at Jefferies Financial Group in a research note issued to investors on Thursday, Digital Look reports. They presently have a GBX 170 target price on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 20.44% from the company’s previous close.

Several other analysts have also recently issued reports on SHC. Deutsche Bank Aktiengesellschaft increased their price target on shares of Shaftesbury Capital from GBX 185 to GBX 195 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Berenberg Bank raised their price objective on shares of Shaftesbury Capital from GBX 151 to GBX 166 and gave the company a “buy” rating in a research note on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 184.20.

Shaftesbury Capital Stock Performance

Shaftesbury Capital stock opened at GBX 141.15 on Thursday. The company’s 50 day simple moving average is GBX 142.37 and its 200-day simple moving average is GBX 138.58. Shaftesbury Capital has a 1 year low of GBX 124.10 and a 1 year high of GBX 155.10. The company has a market capitalization of £2.58 billion, a price-to-earnings ratio of 6.79 and a beta of 0.96.

Shaftesbury Capital (LON:SHC) last released its quarterly earnings results on Wednesday, July 29th. The company reported GBX 2.40 EPS for the quarter. Shaftesbury Capital had a return on equity of 9.48% and a net margin of 156.85%. Equities analysts expect that Shaftesbury Capital will post 5.07 earnings per share for the current year.

Insiders Place Their Bets

In other Shaftesbury Capital news, insider Rachel Kentleton purchased 17,785 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was bought at an average cost of GBX 144 per share, with a total value of £25,610.40. 0.66% of the stock is currently 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.