Shaftesbury PT Raised to GBX 649 (SHB)
Analysts at Liberum Capital raised their price objective on shares of Shaftesbury (LON:SHB) from GBX 636 ($10.44) to GBX 649 ($10.65) in a research report issued to clients and investors on Thursday, Analyst Ratings Network reports. The firm currently has a “hold” rating on the stock. Liberum Capital’s price objective points to a potential upside of 4.01% from the company’s current price.
Shares of Shaftesbury (LON:SHB) traded down 0.56% on Thursday, hitting GBX 624.00. The stock had a trading volume of 234,371 shares. Shaftesbury has a 1-year low of GBX 546.50 and a 1-year high of GBX 670.00. The stock has a 50-day moving average of GBX 617.8 and a 200-day moving average of GBX 611.0. The company’s market cap is £1.574 billion.
SHB has been the subject of a number of other recent research reports. Analysts at HSBC reiterated a “neutral” rating on shares of Shaftesbury in a research note to investors on Tuesday. They now have a GBX 662 ($10.87) price target on the stock. Separately, 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. Finally, 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). One research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 643.73 ($10.57).
Shaftesbury PLC is a real estate investment trust (LON:SHB).
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