Shaftesbury plc’s (SHB) “Underperform” Rating Reaffirmed at BNP Paribas
BNP Paribas restated their underperform rating on shares of Shaftesbury plc (LON:SHB) in a research note issued to investors on Tuesday. They currently have a GBX 850 ($10.52) price objective on the real estate investment trust’s stock.
SHB has been the subject of a number of other reports. HSBC raised their price objective on Shaftesbury plc from GBX 821 ($10.16) to GBX 930 ($11.51) and gave the stock a hold rating in a research report on Friday, September 30th. Jefferies Group restated a hold rating and set a GBX 888 ($10.99) price objective on shares of Shaftesbury plc in a research report on Monday, August 8th. Liberum Capital restated a buy rating and set a GBX 1,000 ($12.38) price objective on shares of Shaftesbury plc in a research report on Thursday, September 29th. Goldman Sachs Group Inc. raised their price objective on Shaftesbury plc from GBX 1,026 ($12.70) to GBX 1,061 ($13.13) and gave the stock a neutral rating in a research report on Wednesday, June 29th. Finally, Numis Securities Ltd lowered their price objective on Shaftesbury plc from GBX 946 ($11.71) to GBX 897 ($11.10) 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 assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 933.93 ($11.56).
Shaftesbury plc (LON:SHB) opened at 927.00 on Tuesday. Shaftesbury plc has a 12 month low of GBX 650.00 and a 12 month high of GBX 1,008.00. The company’s 50-day moving average is GBX 965.39 and its 200-day moving average is GBX 925.44. The company’s market cap is GBX 2.58 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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