Shaftesbury plc (SHB) Receives Average Rating of “Hold” from Analysts
Shaftesbury plc (LON:SHB) has earned an average recommendation of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 929.67 ($12.01).
Several brokerages have recently commented on SHB. Peel Hunt restated a “reduce” rating and issued a GBX 875 ($11.30) price objective on shares of Shaftesbury plc in a report on Monday, August 21st. Numis Securities Ltd restated a “hold” rating and issued a GBX 879 ($11.35) price objective on shares of Shaftesbury plc in a report on Tuesday, May 23rd. Liberum Capital restated a “hold” rating and issued a GBX 1,025 ($13.24) price objective on shares of Shaftesbury plc in a report on Friday, September 1st. J P Morgan Chase & Co upped their price objective on shares of Shaftesbury plc from GBX 1,050 ($13.56) to GBX 1,100 ($14.21) and gave the stock an “overweight” rating in a report on Wednesday, May 24th. Finally, Jefferies Group LLC upped their price objective on shares of Shaftesbury plc from GBX 940 ($12.14) to GBX 1,003 ($12.95) and gave the stock a “hold” rating in a report on Wednesday, May 24th.
Shares of Shaftesbury plc (SHB) traded up 0.20% during trading on Wednesday, hitting GBX 993.00. 363,182 shares of the stock were exchanged. The company’s market cap is GBX 2.77 billion. The stock’s 50 day moving average price is GBX 986.34 and its 200-day moving average price is GBX 956.41. Shaftesbury plc has a one year low of GBX 861.00 and a one year high of GBX 1,013.00.
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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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