Shaftesbury plc (SHB) Earns “Underperform” Rating from BNP Paribas
Shaftesbury plc (LON:SHB)‘s stock had its “underperform” rating reaffirmed by stock analysts at BNP Paribas in a research note issued to investors on Tuesday. They presently have a GBX 850 ($10.52) price objective on the real estate investment trust’s stock. BNP Paribas’ price target would indicate a potential downside of 9.57% from the company’s current price.
Other research analysts have also issued research reports about the company. Liberum Capital reiterated a “buy” rating and issued a GBX 1,040 ($12.87) target price on shares of Shaftesbury plc in a research report on Friday, June 17th. Barclays PLC decreased their target price on Shaftesbury plc from GBX 940 ($11.63) to GBX 870 ($10.77) and set an “equal weight” rating for the company in a research report on Thursday, July 7th. Jefferies Group reissued a “hold” rating and issued a GBX 888 ($10.99) price target on shares of Shaftesbury plc in a report on Friday, August 19th. Numis Securities Ltd cut their price target on Shaftesbury plc from GBX 946 ($11.71) to GBX 897 ($11.10) and set a “hold” rating on the stock in a report on Tuesday, August 16th. Finally, HSBC raised their price target on Shaftesbury plc from GBX 821 ($10.16) to GBX 930 ($11.51) and gave the stock a “hold” rating in a report on Friday, September 30th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. Shaftesbury plc presently has a consensus rating of “Hold” and a consensus target price of GBX 933.93 ($11.56).
Shares of Shaftesbury plc (LON:SHB) opened at 938.50 on Tuesday. The firm has a 50-day moving average price of GBX 965.90 and a 200 day moving average price of GBX 925.36. Shaftesbury plc has a 12-month low of GBX 650.00 and a 12-month high of GBX 1,008.00. The firm’s market cap is GBX 2.61 billion.
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About Shaftesbury plc
Shaftesbury PLC is a United Kingdom-based real estate investment trust (REIT). The Company owns a real estate portfolio extending to around 14 acres in London’s West End. The Company’s holdings are in Carnaby, Covent Garden, Chinatown, Soho and Charlotte Street, the United Kingdom. The Company’s objective is to deliver long-term outperformance in growth in rental income, capital values and shareholder returns.
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