Shaftesbury plc (LON:SHB) Receives GBX 927.79 Average Price Target from Brokerages
Shares of Shaftesbury plc (LON:SHB) have received a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the firm. Three equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 927.79 ($12.11).
A number of research analysts recently issued reports on SHB shares. Liberum Capital dropped their price objective on shares of Shaftesbury plc from GBX 1,040 ($13.58) to GBX 1,000 ($13.05) and set a “buy” rating for the company in a report on Monday, July 4th. BNP Paribas reiterated a “neutral” rating and issued a GBX 930 ($12.14) price objective on shares of Shaftesbury plc in a report on Monday, June 20th. Jefferies Group reiterated a “hold” rating and issued a GBX 888 ($11.59) price objective on shares of Shaftesbury plc in a report on Friday, August 19th. Morgan Stanley restated an “underweight” rating and set a GBX 790 ($10.31) price target on shares of Shaftesbury plc in a report on Wednesday, August 31st. Finally, Citigroup Inc. lowered shares of Shaftesbury plc to a “neutral” rating and set a GBX 976 ($12.74) price target for the company. in a report on Monday, July 18th.
Shares of Shaftesbury plc (LON:SHB) opened at 974.50 on Monday. The company’s 50-day moving average is GBX 959.51 and its 200-day moving average is GBX 921.13. Shaftesbury plc has a one year low of GBX 650.00 and a one year high of GBX 995.50. The company’s market capitalization is GBX 2.71 billion.
About Shaftesbury plc
Shaftesbury PLC is a United Kingdom-based real estate investment trust (REIT). The Company owns a real estate portfolio extending to around 14 acres in London’s West End. The Company’s holdings are in Carnaby, Covent Garden, Chinatown, Soho and Charlotte Street, the United Kingdom. The Company’s objective is to deliver long-term outperformance in growth in rental income, capital values and shareholder returns.
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