Shaftesbury plc’s (SHB) “Hold” Rating Reaffirmed at Liberum Capital
Liberum Capital restated their hold rating on shares of Shaftesbury plc (LON:SHB) in a report issued on Tuesday. They currently have a GBX 1,000 ($12.41) target price on the real estate investment trust’s stock.
Several other brokerages have also recently weighed in on SHB. BNP Paribas reaffirmed an underperform rating and set a GBX 760 ($9.43) price objective on shares of Shaftesbury plc in a research note on Monday, August 1st. Jefferies Group reaffirmed a hold rating and set a GBX 888 ($11.02) price objective on shares of Shaftesbury plc in a research note on Monday, August 8th. Numis Securities Ltd decreased their price objective on shares of Shaftesbury plc from GBX 946 ($11.74) to GBX 897 ($11.13) and set a hold rating on the stock in a research note 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 note on Wednesday, August 31st. Finally, HSBC upped their price objective on shares of Shaftesbury plc from GBX 821 ($10.18) to GBX 930 ($11.54) and gave the stock a hold rating in a research note on Friday, September 30th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of GBX 941.47 ($11.68).
Shaftesbury plc (LON:SHB) opened at 919.00 on Tuesday. The firm has a 50-day moving average of GBX 926.19 and a 200 day moving average of GBX 928.66. Shaftesbury plc has a 52-week low of GBX 650.00 and a 52-week high of GBX 1,008.00. The firm’s market cap is GBX 2.56 billion.
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The company also recently announced a dividend, which will be paid on Friday, February 17th. Shareholders of record on Thursday, January 19th will be issued a GBX 7.55 ($0.09) dividend. The ex-dividend date is Thursday, January 19th. This is a positive change from Shaftesbury plc’s previous dividend of $7.15. This represents a yield of 0.83%.
In other news, insider Jonathan Nicholls bought 850 shares of the business’s stock in a transaction on Tuesday, November 29th. The shares were bought at an average cost of GBX 912 ($11.31) per share, for a total transaction of £7,752 ($9,616.67).
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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