Shaftesbury Capital (SHC)

Sector:

Property Investment Trusts

Index:

FTSE 250

151.10p
   
  • Change Today:
    -0.40p
  • 52 Week High: 158.10p
  • 52 Week Low: 113.50p
  • Currency: UK Pounds
  • Shares Issued: 1,953.18m
  • Volume: 2,783,179
  • Market Cap: £2,951.25m
  • Beta: 0.01

Berenberg initiates coverage on Shaftesbury and Capital & Counties at 'buy'

By Iain Gilbert

Date: Wednesday 07 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg initiated coverage on UK real estate firms Capital & Counties and Shaftesbury at 'buy' on Wednesday, stating both companies remained "well positioned to outperform" as the sector's recovery builds.
Berenberg said prime London landlords Shaftesbury and CapCo had been "hit hard by the Covid-19 pandemic", with valuations falling 8.4%, earnings turning negative and share prices still 36% below pre-pandemic peaks.

However, the analysts stated that as the UK reopens, footfall rebuilds and occupational demand returns, operations were now at an inflection point.

Although Berenberg admitted there was an "outside chance" of further restrictions next winter and travel restrictions that were likely to delay the return of international tourists, it also expects to see an increase in domestic footfall to boost footfall across the West End.

While the German bank initiated with a 'buy' rating on both companies, it highlighted that Shaftesbury remained its "top pick" for long-term growth - with lower financial gearing, unchallenging valuations, lower in-place rents and a better asset mix.

"At current valuations, both Shaftesbury and CapCo - with irreplaceable assets and a strong operational recovery forecast - remain attractive in our view," said Berenberg, which hit the former with a 725.0p target price and the latter with one of 200.0p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

SHC Market Data

Currency UK Pounds
Share Price 151.10p
Change Today -0.40p
% Change -0.26 %
52 Week High 158.10p
52 Week Low 113.50p
Volume 2,783,179
Shares Issued 1,953.18m
Market Cap £2,951.25m
Beta 0.01

SHC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.31% below the market average63.31% below the market average63.31% below the market average63.31% below the market average63.31% below the market average
91.67% below the sector average91.67% below the sector average91.67% below the sector average91.67% below the sector average91.67% below the sector average
Price Trend
64.56% above the market average64.56% above the market average64.56% above the market average64.56% above the market average64.56% above the market average
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average
Income
41.99% below the market average41.99% below the market average41.99% below the market average41.99% below the market average41.99% below the market average
65.22% below the sector average65.22% below the sector average65.22% below the sector average65.22% below the sector average65.22% below the sector average
Growth
31.86% above the market average31.86% above the market average31.86% above the market average31.86% above the market average31.86% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average

SHC Dividends

  Latest Previous
  Final Interim
Ex-Div 24-Apr-25 22-Aug-24
Paid 30-May-25 01-Oct-24
Amount 1.80p 1.70p

Trades for 11-Jul-2025

Time Volume / Share Price
16:51 2,075 @ 151.39p
16:35 1,122,522 @ 151.10p
16:35 4,242 @ 151.10p
16:35 8,350 @ 151.10p
16:35 6,181 @ 151.10p

SHC Key Personnel

CEO Ian Hawksworth
CFO Situl Jobanputra

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