Shaftesbury plc (SHB) Rating Reiterated by Numis Securities Ltd
Shaftesbury plc (LON:SHB)‘s stock had its “hold” rating reaffirmed by equities research analysts at Numis Securities Ltd in a note issued to investors on Tuesday. They currently have a GBX 876 ($10.87) price target on the real estate investment trust’s stock. Numis Securities Ltd’s target price would suggest a potential downside of 4.58% from the company’s previous close.
Several other research firms have also commented on SHB. Liberum Capital reissued a “buy” rating and set 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) target price on shares of Shaftesbury plc in a report on Monday, October 3rd. HSBC lifted their target price on shares of Shaftesbury plc from GBX 821 ($10.18) to GBX 930 ($11.54) and gave the stock a “hold” rating in a report on Friday, September 30th. Morgan Stanley reaffirmed an “underweight” rating and issued a GBX 790 ($9.80) target price on shares of Shaftesbury plc in a report on Wednesday, August 31st. Finally, Jefferies Group reaffirmed a “hold” rating and issued a GBX 888 ($11.02) target price on shares of Shaftesbury plc in a report on Friday, August 19th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. Shaftesbury plc currently has a consensus rating of “Hold” and an average price target of GBX 941.47 ($11.68).
Shaftesbury plc (LON:SHB) opened at 908.50 on Tuesday. The stock’s 50 day moving average is GBX 926.19 and its 200-day moving average is GBX 928.66. The company’s market capitalization is GBX 2.53 billion. Shaftesbury plc has a 52-week low of GBX 650.00 and a 52-week high of GBX 1,008.00.
The firm also recently announced a dividend, which will be paid on Friday, February 17th. Shareholders of record on Thursday, January 19th will be issued a dividend of GBX 7.55 ($0.09) per share. This is a boost from Shaftesbury plc’s previous dividend of $7.15. This represents a yield of 0.83%. The ex-dividend date is Thursday, January 19th.
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In other Shaftesbury plc news, insider Jonathan Nicholls bought 850 shares of Shaftesbury plc stock in a transaction on Tuesday, November 29th. The stock was acquired at an average cost of GBX 912 ($11.31) per share, with a total value 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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