Goldman Sachs Group Inc. Reiterates Neutral Rating for Shaftesbury plc (SHB)
Shaftesbury plc (LON:SHB)‘s stock had its “neutral” rating reiterated by Goldman Sachs Group Inc. in a research report issued to clients and investors on Thursday. They presently have a GBX 1,115 ($13.83) price objective on the real estate investment trust’s stock. Goldman Sachs Group Inc.’s target price would indicate a potential upside of 21.46% from the company’s current price.
A number of other research firms have also weighed in on SHB. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,000 ($12.41) price objective on shares of Shaftesbury plc in a research note on Thursday, September 29th. BNP Paribas reaffirmed an “underperform” rating and issued a GBX 850 ($10.54) price objective on shares of Shaftesbury plc in a research note on Monday, October 3rd. 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. Morgan Stanley reaffirmed an “underweight” rating and issued a GBX 790 ($9.80) price objective on shares of Shaftesbury plc in a research note on Wednesday, August 31st. Finally, Jefferies Group reaffirmed a “hold” rating and issued a GBX 888 ($11.02) price objective on shares of Shaftesbury plc in a research note on Friday, August 19th. Three equities research 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’s stock. Shaftesbury plc currently has an average rating of “Hold” and a consensus price target of GBX 941.47 ($11.68).
Shares of Shaftesbury plc (LON:SHB) opened at 909.50 on Thursday. Shaftesbury plc has a 12 month low of GBX 650.00 and a 12 month high of GBX 1,008.00. The firm’s market cap is GBX 2.53 billion. The firm has a 50-day moving average of GBX 926.19 and a 200-day moving average of GBX 928.66.
The business 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. The ex-dividend date is Thursday, January 19th. This represents a dividend yield of 0.83%. This is an increase from Shaftesbury plc’s previous dividend of $7.15.
In other Shaftesbury plc news, insider Jonathan Nicholls purchased 850 shares of the business’s stock in a transaction that occurred on Tuesday, November 29th. The shares were bought at an average price 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.
Receive News & Stock Ratings for Shaftesbury plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shaftesbury plc and related stocks with our FREE daily email newsletter.