JPMorgan Chase & Co. Reiterates “underweight” Rating for Shaftesbury (SHB)
Shaftesbury (LON:SHB)‘s stock had its “underweight” rating restated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday, American Banking & Market News reports. They currently have a GBX 630 ($9.85) target price on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 6.24% from the stock’s previous close.
Shaftesbury (LON:SHB) opened at 595.00 on Friday. The stock’s 50-day moving average is GBX 611.7 and its 200-day moving average is GBX 609.3. The company’s market cap is £1.499 billion.
SHB has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd raised their price target on shares of Shaftesbury (LON:SHB) from GBX 590 ($9.22) to GBX 635 ($9.93) in a research note to investors on Tuesday. They now have a “hold” 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 analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Shaftesbury has an average rating of “Hold” and an average price target of GBX 619.19 ($9.68).
Shaftesbury PLC is a real estate investment trust (LON:SHB).
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