Shaftesbury plc (SHB) Price Target Raised to GBX 930
Shaftesbury plc (LON:SHB) had its target price hoisted by equities research analysts at HSBC from GBX 821 ($10.72) to GBX 930 ($12.14) in a research note issued to investors on Friday. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. HSBC’s price objective indicates a potential downside of 4.12% from the stock’s previous close.
SHB has been the subject of several other research reports. Jefferies Group reissued a “hold” rating and set a GBX 888 ($11.59) price objective on shares of Shaftesbury plc in a research report on Monday, August 8th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,000 ($13.05) price target on shares of Shaftesbury plc in a research report on Thursday. Goldman Sachs Group Inc. lifted their price target on Shaftesbury plc from GBX 1,026 ($13.39) to GBX 1,061 ($13.85) and gave the stock a “neutral” rating in a research report on Wednesday, June 29th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 900 ($11.75) price target on shares of Shaftesbury plc in a research report on Monday, July 4th. Finally, Numis Securities Ltd lowered their price target on Shaftesbury plc from GBX 946 ($12.35) to GBX 897 ($11.71) and set a “hold” rating for the company in a research report on Tuesday, August 16th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 927.93 ($12.11).
Shares of Shaftesbury plc (LON:SHB) opened at 969.50 on Friday. The stock’s market capitalization is GBX 2.70 billion. The firm’s 50-day moving average is GBX 960.86 and its 200 day moving average is GBX 921.23. Shaftesbury plc has a 12-month low of GBX 650.00 and a 12-month high of GBX 995.50.
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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