Shaftesbury plc (SHB) Receives Underperform Rating from BNP Paribas
BNP Paribas reaffirmed their underperform rating on shares of Shaftesbury plc (LON:SHB) in a research report sent to investors on Monday. They currently have a GBX 850 ($11.10) price target on the real estate investment trust’s stock.
A number of other equities analysts also recently commented on SHB. Credit Suisse Group AG downgraded Shaftesbury plc to a neutral rating and lifted their price target for the stock from GBX 945 ($12.34) to GBX 965 ($12.60) in a research note on Friday, June 17th. Liberum Capital reiterated a buy rating and issued a GBX 1,040 ($13.58) price target on shares of Shaftesbury plc in a research note on Friday, June 17th. 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 note on Wednesday, June 29th. Barclays PLC decreased their price target on Shaftesbury plc from GBX 940 ($12.27) to GBX 870 ($11.36) and set an equal weight rating for the company in a research note on Thursday, July 7th. Finally, Citigroup Inc. downgraded Shaftesbury plc to a neutral rating and set a GBX 976 ($12.74) price target for the company. in a research note on Monday, July 18th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of GBX 933.93 ($12.19).
Shaftesbury plc (LON:SHB) traded up 1.22% during trading on Monday, reaching GBX 997.00. The company’s stock had a trading volume of 368,281 shares. Shaftesbury plc has a 52 week low of GBX 650.00 and a 52 week high of GBX 1,008.00. The firm has a 50 day moving average of GBX 963.92 and a 200 day moving average of GBX 923.28. The stock’s market capitalization is GBX 2.78 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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