Insider Buying: Shaftesbury plc (SHB) Insider Buys 3,000 Shares of Stock

Shaftesbury plc (LON:SHB) insider Richard Akers acquired 3,000 shares of Shaftesbury stock in a transaction on Monday, February 12th. The shares were bought at an average price of GBX 949 ($13.11) per share, with a total value of £28,470 ($39,334.07).

Shaftesbury plc (LON:SHB) traded up GBX 9.50 ($0.13) during trading on Monday, hitting GBX 952.50 ($13.16). 429,110 shares of the stock were exchanged, compared to its average volume of 463,026. Shaftesbury plc has a fifty-two week low of GBX 878 ($12.13) and a fifty-two week high of GBX 1,055 ($14.58). The stock has a market capitalization of $2,920.00 and a price-to-earnings ratio of 881.94.

Shaftesbury (LON:SHB) last released its earnings results on Tuesday, November 28th. The real estate investment trust reported GBX 16.20 ($0.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of GBX 16.30 ($0.23) by GBX (0.10) ($0.00). Shaftesbury had a return on equity of 15.53% and a net margin of 351.94%. The business had revenue of £111.50 million for the quarter.

The company also recently disclosed a dividend, which will be paid on Friday, February 16th. Investors of record on Thursday, January 18th will be issued a GBX 8.10 ($0.11) dividend. The ex-dividend date is Thursday, January 18th. This represents a dividend yield of 0.82%. This is a positive change from Shaftesbury’s previous dividend of $7.90.

A number of equities analysts have weighed in on SHB shares. Liberum Capital restated a “hold” rating and set a GBX 1,025 ($14.16) price objective on shares of Shaftesbury in a research report on Tuesday, November 28th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,150 ($15.89) target price on shares of Shaftesbury in a report on Wednesday, December 13th. Peel Hunt reaffirmed a “reduce” rating and set a GBX 970 ($13.40) target price on shares of Shaftesbury in a report on Tuesday, December 5th. Numis Securities reaffirmed a “hold” rating and set a GBX 974 ($13.46) target price on shares of Shaftesbury in a report on Thursday, October 19th. Finally, Canaccord Genuity upped their target price on shares of Shaftesbury from GBX 925 ($12.78) to GBX 965 ($13.33) and gave the stock a “hold” rating in a report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 1,017 ($14.05).

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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.

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