Shaftesbury’s (SHB) Hold Rating Reiterated at Liberum Capital

Shaftesbury (LON:SHB)‘s stock had its “hold” rating reaffirmed by equities research analysts at Liberum Capital in a research report issued to clients and investors on Friday. They currently have a GBX 1,075 ($15.07) price objective on the real estate investment trust’s stock. Liberum Capital’s target price suggests a potential upside of 14.00% from the company’s previous close.

Several other research firms have also recently weighed in on SHB. Canaccord Genuity upped their price objective on shares of Shaftesbury from GBX 925 ($12.97) to GBX 965 ($13.53) and gave the stock a “hold” rating in a research report on Friday, December 22nd. Peel Hunt restated a “reduce” rating and issued a GBX 970 ($13.60) price objective on shares of Shaftesbury in a research report on Wednesday, December 20th. JPMorgan Chase & Co. cut shares of Shaftesbury to a “neutral” rating and set a GBX 1,150 ($16.12) price objective on the stock. in a research report on Monday, January 15th. Numis Securities restated a “hold” rating and issued a GBX 974 ($13.66) price objective on shares of Shaftesbury in a research report on Thursday, October 19th. Finally, Jefferies Group restated a “hold” rating and issued a GBX 953 ($13.36) price objective on shares of Shaftesbury in a research report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 1,017 ($14.26).

Shaftesbury (LON SHB) opened at GBX 943 ($13.22) on Friday. The firm has a market cap of $2,900.00 and a P/E ratio of 873.15. Shaftesbury has a 52-week low of GBX 878 ($12.31) and a 52-week high of GBX 1,055 ($14.79).

Shaftesbury (LON:SHB) last posted its quarterly earnings data on Tuesday, November 28th. The real estate investment trust reported GBX 16.20 ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 16.30 ($0.23) 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 news, insider Jonathan Nicholls bought 20,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were purchased at an average price of GBX 1,036 ($14.53) per share, for a total transaction of £207,200 ($290,521.59). Also, insider Jill C. Little bought 2,997 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was purchased at an average price of GBX 993 ($13.92) per share, for a total transaction of £29,760.21 ($41,727.72).

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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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