Shaftesbury Receives “Neutral” Rating from HSBC (SHB)
Shaftesbury (LON:SHB)‘s stock had its “neutral” rating reaffirmed by research analysts at HSBC in a report released on Tuesday, StockRatingsNetwork.com reports. They currently have a GBX 662 ($10.87) price target on the stock. HSBC’s price objective indicates a potential upside of 4.83% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Shaftesbury in a research note to investors on Monday. They now have a GBX 630 ($10.34) price target on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Shaftesbury to a “neutral” rating in a research note to investors on Wednesday, January 15th. They now have a GBX 670 ($11.00) price target on the stock, up previously from GBX 630 ($10.34). Finally, analysts at Jefferies Group raised their price target on shares of Shaftesbury from GBX 634 ($10.41) to GBX 646 ($10.60) in a research note to investors on Wednesday, January 15th. They now have a “hold” rating on the stock. One analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 642.55 ($10.55).
Shaftesbury (LON:SHB) opened at 630.50 on Tuesday. Shaftesbury has a 52-week low of GBX 546.50 and a 52-week high of GBX 670.00. The stock’s 50-day moving average is GBX 616.3 and its 200-day moving average is GBX 610.8. The company’s market cap is £1.591 billion.
Shaftesbury PLC is a real estate investment trust (LON:SHB).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.