Numis Securities Ltd Increases Shaftesbury Price Target to GBX 635 (SHB)
Investment analysts at Numis Securities Ltd boosted their price objective on shares of Shaftesbury (LON:SHB) from GBX 590 ($9.22) to GBX 635 ($9.93) in a note issued to investors on Tuesday, Analyst Ratings Network.com reports. The firm currently has a “hold” rating on the stock. Numis Securities Ltd’s price target points to a potential upside of 9.48% from the stock’s previous close.
Shares of Shaftesbury (LON:SHB) opened at 586.50 on Tuesday. Shaftesbury has a 52-week low of GBX 514.00 and a 52-week high of GBX 670.00. The stock has a 50-day moving average of GBX 615.4 and a 200-day moving average of GBX 609.3. The company’s market cap is £1.478 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Shaftesbury (LON:SHB) from GBX 650 ($10.16) to GBX 630 ($9.85) in a research note to investors on Tuesday, September 3rd. They now have an “underweight” rating on the stock. Separately, analysts at BNP Paribas raised their price target on shares of Shaftesbury (LON:SHB) from GBX 540 ($8.44) to GBX 580 ($9.07) in a research note to investors on Friday, August 30th. They now have an “underperform” rating on the stock. Finally, analysts at Morgan Stanley downgraded shares of Shaftesbury (LON:SHB) from an “overweight” rating to an “equal weight” rating in a research note to investors on Wednesday, August 28th. They now have a GBX 680 ($10.63) price target on the stock, up previously from GBX 590 ($9.22).
Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 619.19 ($9.68).
Shaftesbury PLC is a real estate investment trust (LON:SHB).
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