Shaftesbury plc (SHB) Rating Reiterated by Numis Securities Ltd
Shaftesbury plc (LON:SHB)‘s stock had its “hold” rating reiterated by analysts at Numis Securities Ltd in a research note issued to investors on Thursday. They currently have a GBX 974 ($12.94) target price on the real estate investment trust’s stock. Numis Securities Ltd’s target price points to a potential downside of 2.01% from the stock’s current price.
A number of other analysts have also weighed in on SHB. Liberum Capital reissued a “hold” rating and set a GBX 1,025 ($13.62) price objective on shares of Shaftesbury plc in a research note on Monday, September 25th. Peel Hunt reissued a “reduce” rating and set a GBX 875 ($11.63) price objective on shares of Shaftesbury plc in a research note on Monday, August 21st. Finally, Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a GBX 883 ($11.73) price objective on shares of Shaftesbury plc in a research note on Wednesday, September 27th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Shaftesbury plc presently has an average rating of “Hold” and an average price target of GBX 953.10 ($12.66).
Shaftesbury plc (SHB) traded down 1.39% on Thursday, reaching GBX 994.00. 379,858 shares of the company’s stock traded hands. Shaftesbury plc has a 12 month low of GBX 861.00 and a 12 month high of GBX 1,036.00. The firm’s market cap is GBX 2.77 billion. The firm’s 50-day moving average is GBX 1,002.49 and its 200 day moving average is GBX 975.69.
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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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