Shaftesbury plc (LON:SHB) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Shaftesbury plc (LON:SHB) have been given an average rating of “Hold” by the twelve brokerages that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 927.58 ($12.11).
Several analysts recently commented on SHB shares. Goldman Sachs Group, Inc. (The) lowered shares of Shaftesbury plc to a “sell” rating and set a GBX 883 ($11.53) price target on the stock. in a research report on Thursday, June 15th. J P Morgan Chase & Co raised their price target on shares of Shaftesbury plc from GBX 1,050 ($13.71) to GBX 1,100 ($14.36) and gave the company an “overweight” rating in a research report on Wednesday, May 24th. Jefferies Group LLC raised their price target on shares of Shaftesbury plc from GBX 940 ($12.27) to GBX 1,003 ($13.10) and gave the company a “hold” rating in a research report on Wednesday, May 24th. Numis Securities Ltd restated a “hold” rating and set a GBX 879 ($11.48) price target on shares of Shaftesbury plc in a research report on Tuesday, May 23rd. Finally, Peel Hunt restated a “reduce” rating and set a GBX 875 ($11.43) price target on shares of Shaftesbury plc in a research report on Tuesday, May 23rd.
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Shares of Shaftesbury plc (LON:SHB) traded up 0.97% during midday trading on Tuesday, hitting GBX 991.50. 241,237 shares of the company traded hands. Shaftesbury plc has a 52 week low of GBX 855.00 and a 52 week high of GBX 1,008.00. The stock’s market capitalization is GBX 2.76 billion. The company has a 50-day moving average price of GBX 967.97 and a 200-day moving average price of GBX 926.47.
The firm also recently declared a dividend, which was paid on Friday, July 7th. Stockholders of record on Thursday, June 15th were paid a GBX 7.90 ($0.10) dividend. This is an increase from Shaftesbury plc’s previous dividend of $7.55. This represents a dividend yield of 0.82%. The ex-dividend date was Thursday, June 15th.
About Shaftesbury plc
Shaftesbury PLC is a real estate investment trust. The Company’s objective is to deliver long-term growth in rental income, capital values and shareholder returns. It focuses on retails, restaurants, cafes and leisure. It has approximately 590 shops, restaurants, cafes and bars. Its upper floors consist of over 406,000 square feet of office space and over 560 apartments.
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