FY2018 Earnings Forecast for Shaftesbury (SHABF) Issued By Jefferies Group

Shaftesbury (OTCMKTS:SHABF) – Research analysts at Jefferies Group boosted their FY2018 earnings estimates for Shaftesbury in a research note issued to investors on Wednesday. Jefferies Group analyst M. Prew now forecasts that the company will earn $0.25 per share for the year, up from their previous forecast of $0.23. Jefferies Group also issued estimates for Shaftesbury’s FY2019 earnings at $0.28 EPS and FY2020 earnings at $0.28 EPS.

Separately, Zacks Investment Research upgraded Shaftesbury from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Saturday, September 30th.

Shares of Shaftesbury (OTCMKTS SHABF) opened at $13.10 on Monday. Shaftesbury has a twelve month low of $11.05 and a twelve month high of $13.10.

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Shaftesbury Company Profile

Shaftesbury PLC, a real estate investment trust, engages in the investment, ownership, and lease of properties in London, the United Kingdom. The company owns and leases shops, restaurants and leisure space, offices, and residential properties. Its property portfolio comprises approximately 453,000 square feet of restaurants, bars, and leisure spaces; and 394,000 square feet of retail accommodation, 424,000 square feet of offices, and 345 apartments covering 233,000 square feet.

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