Shaftesbury Price Target Raised to GBX 646 at Jefferies Group (SHB)
Equities research analysts at Jefferies Group upped their price target on shares of Shaftesbury (LON:SHB) from GBX 634 ($10.45) to GBX 646 ($10.65) in a research note issued to investors on Wednesday, American Banking and Market News reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 1.25% from the stock’s previous close.
Shares of Shaftesbury (LON:SHB) traded up 0.24% during mid-day trading on Wednesday, hitting GBX 638.00. The stock had a trading volume of 215,476 shares. Shaftesbury has a 1-year low of GBX 546.50 and a 1-year high of GBX 670.00. The stock’s 50-day moving average is GBX 615.4 and its 200-day moving average is GBX 610.1. The company’s market cap is £1.610 billion.
SHB has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “hold” rating on shares of Shaftesbury in a research note to investors on Friday, January 10th. They now have a GBX 636 ($10.48) price target on the stock. Separately, analysts at Kempen & Co reiterated a “neutral” rating on shares of Shaftesbury in a research note to investors on Wednesday, January 8th. They now have a GBX 630 ($10.38) price target on the stock. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 635.60 ($10.47).
Shaftesbury PLC is a real estate investment trust (LON:SHB).
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