Shaftesbury plc (SHB) Insider Jonathan Nicholls Acquires 850 Shares of Stock
Shaftesbury plc (LON:SHB) insider Jonathan Nicholls acquired 850 shares of the business’s stock in a transaction that occurred on Tuesday, November 29th. The shares were purchased at an average cost of GBX 912 ($11.31) per share, with a total value of £7,752 ($9,616.67).
Shares of Shaftesbury plc (LON:SHB) opened at 914.50 on Wednesday. Shaftesbury plc has a 52-week low of GBX 650.00 and a 52-week high of GBX 1,008.00. The firm’s 50-day moving average is GBX 926.19 and its 200-day moving average is GBX 928.66. The firm’s market cap is GBX 2547.40 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, February 17th. Stockholders of record on Thursday, January 19th will be issued a dividend of GBX 7.55 ($0.09) per share. This is a positive change from Shaftesbury plc’s previous dividend of $7.15. The ex-dividend date is Thursday, January 19th. This represents a dividend yield of 0.83%.
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Several equities research analysts recently weighed in on SHB shares. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,000 ($12.41) price objective on shares of Shaftesbury plc in a research report on Thursday, August 4th. Jefferies Group reaffirmed a “hold” rating and set a GBX 888 ($11.02) price objective on shares of Shaftesbury plc in a research report on Monday, August 8th. Numis Securities Ltd cut their price objective on shares of Shaftesbury plc from GBX 946 ($11.74) to GBX 897 ($11.13) and set a “hold” rating for the company in a research report on Tuesday, August 16th. Morgan Stanley reaffirmed an “underweight” rating and set a GBX 790 ($9.80) price objective on shares of Shaftesbury plc in a research report on Wednesday, August 31st. Finally, BNP Paribas reaffirmed an “underperform” rating and set a GBX 760 ($9.43) price objective on shares of Shaftesbury plc in a research report on Thursday, September 1st. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 936.13 ($11.61).
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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