Jefferies Group Reaffirms “Hold” Rating for Shaftesbury (SHB)

Shaftesbury (LON:SHB)‘s stock had its “hold” rating reaffirmed by analysts at Jefferies Group in a research note issued on Thursday. They presently have a GBX 953 ($12.92) price objective on the real estate investment trust’s stock. Jefferies Group’s price target indicates a potential downside of 5.27% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Peel Hunt restated a “reduce” rating and set a GBX 970 ($13.15) price target on shares of Shaftesbury in a research note on Tuesday, December 5th. Numis Securities restated a “hold” rating and set a GBX 974 ($13.21) price target on shares of Shaftesbury in a research note on Monday, September 25th. Liberum Capital restated a “hold” rating and set a GBX 1,025 ($13.90) price target on shares of Shaftesbury in a research note on Monday, September 25th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,100 ($14.92) price target on shares of Shaftesbury in a research note on Wednesday, November 29th. Finally, Goldman Sachs Group restated a “sell” rating and set a GBX 883 ($11.97) price target on shares of Shaftesbury in a research note on Wednesday, September 27th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 982.60 ($13.33).

Shaftesbury (LON:SHB) traded down GBX 7.90 ($0.11) during trading hours on Thursday, reaching GBX 1,006 ($13.64). 488,360 shares of the company were exchanged, compared to its average volume of 569,337. Shaftesbury has a 12 month low of GBX 863.50 ($11.71) and a 12 month high of GBX 1,055 ($14.31). The stock has a market capitalization of $3,090.00 and a PE ratio of 931.48.

Shaftesbury (LON:SHB) last posted its 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). Shaftesbury had a net margin of 351.94% and a return on equity of 15.53%. The firm had revenue of £111.50 million for the quarter.

In other news, insider Simon J. Quayle sold 18,430 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of GBX 1,000 ($13.56), for a total value of £184,300 ($249,932.19). Also, insider Jonathan Nicholls acquired 20,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was acquired at an average price of GBX 1,036 ($14.05) per share, for a total transaction of £207,200 ($280,987.25).

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Shaftesbury Company Profile

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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