Shaftesbury plc (SHB) Stock Rating Reaffirmed by Peel Hunt
Shaftesbury plc (LON:SHB)‘s stock had its “reduce” rating restated by equities researchers at Peel Hunt in a research report issued on Tuesday. They currently have a GBX 825 ($10.23) price target on the real estate investment trust’s stock. Peel Hunt’s price target would indicate a potential downside of 10.13% from the company’s previous close.
A number of other analysts have also commented 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. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,000 ($12.41) price objective on shares of Shaftesbury plc in a research note 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 note on Monday, August 8th. Numis Securities Ltd decreased their price objective on 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. Finally, 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. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 941.47 ($11.68).
Shares of Shaftesbury plc (LON:SHB) opened at 908.50 on Tuesday. The firm’s 50-day moving average is GBX 926.19 and its 200-day moving average is 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 stock’s market capitalization is GBX 2.53 billion.
The company also recently disclosed a dividend, which will be paid on Friday, February 17th. Stockholders of record on Thursday, January 19th will be paid a GBX 7.55 ($0.09) dividend. This is a positive change from Shaftesbury plc’s previous dividend of $7.15. This represents a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, January 19th.
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In other news, insider Jonathan Nicholls acquired 850 shares of Shaftesbury plc stock in a transaction dated Tuesday, November 29th. The shares were acquired at an average cost of GBX 912 ($11.31) per share, with a total value of £7,752 ($9,616.67).
Shaftesbury plc Company Profile
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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