Shaftesbury plc (SHB) Stock Rating Reaffirmed by BNP Paribas
Shaftesbury plc (LON:SHB)‘s stock had its “underperform” rating restated by analysts at BNP Paribas in a research note issued to investors on Tuesday. They currently have a GBX 850 ($10.52) target price on the real estate investment trust’s stock. BNP Paribas’ target price indicates a potential downside of 9.57% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. Liberum Capital restated 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 on the stock in a research report on Thursday, July 7th. Jefferies Group restated a “hold” rating and issued a GBX 888 ($10.99) target price on shares of Shaftesbury plc in a research report on Friday, August 19th. Numis Securities Ltd decreased their target price on Shaftesbury plc from GBX 946 ($11.71) to GBX 897 ($11.10) and set a “hold” rating on the stock in a research report on Tuesday, August 16th. Finally, HSBC increased their price target on Shaftesbury plc from GBX 821 ($10.16) to GBX 930 ($11.51) and gave the company a “hold” rating in a report on Friday, September 30th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 933.93 ($11.56).
Shares of Shaftesbury plc (LON:SHB) opened at 937.50 on Tuesday. Shaftesbury plc has a one year low of GBX 650.00 and a one year high of GBX 1,008.00. The firm has a 50 day moving average price of GBX 965.90 and a 200 day moving average price of GBX 925.36. The stock’s market capitalization is GBX 2.61 billion.
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Shaftesbury plc Company Profile
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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