Shaftesbury Rating Reiterated by Jefferies Group (SHB)
Shaftesbury (LON:SHB)‘s stock had its “hold” rating reiterated by stock analysts at Jefferies Group in a report issued on Monday, StockRatingsNetwork reports. They currently have a GBX 574 ($9.16) price objective on the stock. Jefferies Group’s target price suggests a potential downside of 4.33% from the company’s current price.
Shares of Shaftesbury (LON:SHB) remained flat at GBX 600.00 during trading on Monday. The stock had a trading volume of 159,942 shares. Shaftesbury has a one year low of GBX 520.00 and a one year high of GBX 670.00. The stock has a 50-day moving average of GBX 605.7 and a 200-day moving average of GBX 609.7. The company’s market cap is £1.512 billion.
A number of other firms have also recently commented on SHB. Analysts at BNP Paribas reiterated an “underperform” rating on shares of Shaftesbury in a research note to investors on Tuesday, October 1st. They now have a GBX 580 ($9.26) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Shaftesbury in a research note to investors on Wednesday, September 18th. They now have a GBX 575 ($9.18) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Shaftesbury in a research note to investors on Friday, September 13th. They now have a GBX 630 ($10.06) price target on the stock. Four investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Shaftesbury has a consensus rating of “Hold” and a consensus target price of GBX 615.17 ($9.82).
Shaftesbury PLC is a real estate investment trust (LON:SHB).
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