Shaftesbury (LON:SHB) had its price target increased by J P Morgan Chase & Co from GBX 1,100 ($14.80) to GBX 1,150 ($15.48) in a research report issued to clients and investors on Tuesday. The firm presently has an “overweight” rating on the real estate investment trust’s stock. J P Morgan Chase & Co’s price target would indicate a potential upside of 15.00% from the company’s current price.

Several other brokerages also recently commented on SHB. Goldman Sachs Group reissued a “sell” rating and set a GBX 883 ($11.88) target price on shares of Shaftesbury in a research note on Wednesday, September 27th. Numis Securities reissued a “hold” rating and set a GBX 974 ($13.11) target price on shares of Shaftesbury in a research note on Monday, September 25th. Liberum Capital reissued a “hold” rating and set a GBX 1,025 ($13.80) target price on shares of Shaftesbury in a research note on Monday, September 25th. Jefferies Group reissued a “hold” rating and set a GBX 1,003 ($13.50) target price on shares of Shaftesbury in a research note on Wednesday, November 29th. Finally, Peel Hunt boosted their target price on Shaftesbury from GBX 875 ($11.78) to GBX 970 ($13.06) and gave the stock a “reduce” rating in a research note on Tuesday, November 28th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 972.10 ($13.08).

Shaftesbury (LON SHB) traded up GBX 9.50 ($0.13) during mid-day trading on Tuesday, reaching GBX 1,000 ($13.46). The company had a trading volume of 910,045 shares, compared to its average volume of 518,902. Shaftesbury has a fifty-two week low of GBX 861 ($11.59) and a fifty-two week high of GBX 1,036 ($13.94).

Shaftesbury (LON:SHB) last issued its earnings results on Tuesday, November 28th. The real estate investment trust reported GBX 16.20 ($0.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 16.30 ($0.22) by GBX (0.10) ($0.00). The business had revenue of £111.50 million for the quarter. Shaftesbury had a return on equity of 8.41% and a net margin of 186.52%.

In other news, insider Jill C. Little purchased 2,997 shares of Shaftesbury stock in a transaction dated Thursday, December 7th. The shares were bought at an average cost of GBX 993 ($13.36) per share, for a total transaction of £29,760.21 ($40,054.12).

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About Shaftesbury

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.

Analyst Recommendations for Shaftesbury (LON:SHB)

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