Shaftesbury Receives “Buy” Rating from Cantor Fitzgerald Europe (SHB)
Shaftesbury (LON:SHB)‘s stock had its “buy” rating restated by investment analysts at Cantor Fitzgerald Europe in a note issued to investors on Monday, American Banking and Market News reports. They currently have a GBX 700 ($11.53) target price on the stock. Cantor Fitzgerald Europe’s price target points to a potential upside of 12.54% from the stock’s previous close.
SHB has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. upgraded shares of Shaftesbury to a “neutral” rating in a research note to investors on Monday. They now have a GBX 655 ($10.79) price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Shaftesbury in a research note to investors on Friday. They now have a GBX 646 ($10.64) price target on the stock. Finally, analysts at Liberum Capital raised their price target on shares of Shaftesbury from GBX 636 ($10.48) to GBX 649 ($10.69) in a research note to investors on Thursday. They now have a “hold” rating on the stock. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 655.08 ($10.79).
Shares of Shaftesbury (LON:SHB) traded up 0.32% on Monday, hitting GBX 624.00. The stock had a trading volume of 318,676 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 618.4 and a 200-day moving average of GBX 611.. The company’s market cap is £1.574 billion.
Shaftesbury PLC is a real estate investment trust (LON:SHB).
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