Peel Hunt Reaffirms “Buy” Rating for Shaftesbury Capital (LON:SHC)

Shaftesbury Capital (LON:SHC)‘s stock had its “buy” rating restated by investment analysts at Peel Hunt in a note issued to investors on Wednesday,London Stock Exchange reports. They presently have a GBX 190 price objective on the stock. Peel Hunt’s target price would suggest a potential upside of 33.34% from the company’s current price.

Separately, Jefferies Financial Group raised their target price on shares of Shaftesbury Capital from GBX 181 to GBX 185 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Shaftesbury Capital has an average rating of “Buy” and a consensus target price of GBX 195.

Shaftesbury Capital Stock Down 0.2%

SHC stock traded down GBX 0.31 during midday trading on Wednesday, hitting GBX 142.49. 2,709,132 shares of the company traded hands, compared to its average volume of 7,013,935. Shaftesbury Capital has a twelve month low of GBX 111.60 and a twelve month high of GBX 162.90. The stock has a market capitalization of £2.60 billion, a price-to-earnings ratio of 8.19 and a beta of 1.15. The business has a 50 day simple moving average of GBX 142.25 and a 200-day simple moving average of GBX 146.78.

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, 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.