Shaftesbury (LON:SHB) was downgraded by investment analysts at JPMorgan Chase & Co. to a “neutral” rating in a research report issued on Monday. They presently have a GBX 1,150 ($15.60) price objective on the real estate investment trust’s stock. JPMorgan Chase & Co.’s target price points to a potential upside of 14.09% from the stock’s current price.

A number of other research analysts have also recently commented on SHB. Liberum Capital restated a “hold” rating and issued a GBX 1,025 ($13.90) price target on shares of Shaftesbury in a report on Monday, September 25th. Numis Securities restated a “hold” rating and issued a GBX 974 ($13.21) price target on shares of Shaftesbury in a report on Monday, September 25th. Jefferies Group restated a “hold” rating and issued a GBX 1,003 ($13.60) price target on shares of Shaftesbury in a report on Wednesday, November 29th. Canaccord Genuity upped their price target on shares of Shaftesbury from GBX 925 ($12.54) to GBX 965 ($13.09) and gave the stock a “hold” rating in a report on Friday, December 22nd. Finally, Goldman Sachs Group restated a “sell” rating and issued a GBX 883 ($11.97) price target on shares of Shaftesbury in a report on Wednesday, September 27th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 987.60 ($13.39).

Shaftesbury (LON:SHB) opened at GBX 1,008 ($13.67) on Monday. The company has a market cap of $3,100.00 and a PE ratio of 933.33. Shaftesbury has a 1-year low of GBX 863.50 ($11.71) and a 1-year high of GBX 1,055 ($14.31).

Shaftesbury (LON:SHB) last posted its quarterly earnings results on Tuesday, November 28th. The real estate investment trust reported GBX 16.20 ($0.22) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 16.30 ($0.22) by GBX (0.10) ($0.00). The company had revenue of £111.50 million during the quarter. Shaftesbury had a return on equity of 15.53% and a net margin of 351.94%.

In other Shaftesbury news, insider Jill C. Little bought 2,997 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were bought at an average cost of GBX 993 ($13.47) per share, for a total transaction of £29,760.21 ($40,358.30). Also, insider Simon J. Quayle sold 18,430 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of GBX 1,000 ($13.56), for a total transaction of £184,300 ($249,932.19).

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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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