Shaftesbury plc (SHB) Given Consensus Recommendation of “Hold” by Analysts
Shaftesbury plc (LON:SHB) has earned a consensus rating of “Hold” from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 929.67 ($12.11).
A number of equities analysts recently issued reports on the stock. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 879 ($11.45) target price on shares of Shaftesbury plc in a research report on Tuesday, May 23rd. Peel Hunt reiterated a “reduce” rating and issued a GBX 875 ($11.39) target price on shares of Shaftesbury plc in a research report on Tuesday, May 23rd. J P Morgan Chase & Co increased their target price on shares of Shaftesbury plc from GBX 1,050 ($13.67) to GBX 1,100 ($14.32) and gave the company an “overweight” rating in a research report on Wednesday, May 24th. Jefferies Group LLC increased their target price on shares of Shaftesbury plc from GBX 940 ($12.24) to GBX 1,003 ($13.06) and gave the company a “hold” rating in a research report on Wednesday, May 24th. Finally, Goldman Sachs Group, Inc. (The) decreased their target price on shares of Shaftesbury plc from GBX 970 ($12.63) to GBX 950 ($12.37) and set a “neutral” rating for the company in a research report on Friday, May 12th.
Shaftesbury plc (SHB) traded down 1.01% during mid-day trading on Friday, reaching GBX 976.50. 299,170 shares of the company were exchanged. The stock’s market capitalization is GBX 2.72 billion. The company’s 50 day moving average price is GBX 978.29 and its 200-day moving average price is GBX 943.24. Shaftesbury plc has a 12 month low of GBX 861.00 and a 12 month high of GBX 1,013.00.
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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