Shaftesbury plc (SHB) Stock Rating Reaffirmed by Liberum Capital
Shaftesbury plc (LON:SHB)‘s stock had its “buy” rating restated by analysts at Liberum Capital in a research report issued on Thursday. They currently have a GBX 1,000 ($13.05) price objective on the real estate investment trust’s stock. Liberum Capital’s price target suggests a potential upside of 2.62% from the company’s current price.
A number of other equities analysts have also issued reports on SHB. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 930 ($12.14) target price on shares of Shaftesbury plc in a research report on Monday, June 20th. Jefferies Group reissued a “hold” rating and set a GBX 888 ($11.59) price target on shares of Shaftesbury plc in a research report on Monday, August 8th. Credit Suisse Group AG lowered Shaftesbury plc to a “neutral” rating and upped their price target for the company from GBX 945 ($12.34) to GBX 965 ($12.60) in a research report on Friday, June 17th. Morgan Stanley reissued an “underweight” rating and set a GBX 790 ($10.31) price target on shares of Shaftesbury plc in a research report on Wednesday, August 31st. Finally, Numis Securities Ltd dropped their price target on Shaftesbury plc from GBX 946 ($12.35) to GBX 897 ($11.71) and set a “hold” rating on the stock in a research report on Tuesday, August 16th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 925.80 ($12.08).
Shaftesbury plc (LON:SHB) opened at 974.50 on Thursday. Shaftesbury plc has a 12 month low of GBX 650.00 and a 12 month high of GBX 995.50. The stock’s market capitalization is GBX 2.71 billion. The stock’s 50 day moving average is GBX 959.51 and its 200-day moving average is GBX 921.13.
Shaftesbury plc Company Profile
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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