Shaftesbury’s “Buy” Rating Reaffirmed at Cantor Fitzgerald Europe (SHB)
Shaftesbury (LON:SHB)‘s stock had its “buy” rating reiterated by analysts at Cantor Fitzgerald Europe in a research report issued to clients and investors on Monday, AnalystRatings.NET reports. They currently have a GBX 700 ($11.53) target price on the stock. Cantor Fitzgerald Europe’s target price would indicate a potential upside of 12.54% from the stock’s previous close.
Shaftesbury (LON:SHB) traded up 0.40% on Monday, hitting GBX 624.50. The stock had a trading volume of 238,951 shares. Shaftesbury has a one year low of GBX 546.50 and a one year high of GBX 670.00. The stock’s 50-day moving average is GBX 618.4 and its 200-day moving average is GBX 611.. The company’s market cap is £1.576 billion.
A number of other analysts have also recently weighed in on SHB. 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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Shaftesbury has an average rating of “Hold” and a consensus price target of GBX 655.08 ($10.79).
Shaftesbury PLC is a real estate investment trust (LON:SHB).
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