Shaftesbury plc (SHB) Price Target Raised to GBX 1,025 at Liberum Capital
Shaftesbury plc (LON:SHB) had its target price hoisted by research analysts at Liberum Capital from GBX 1,000 ($13.02) to GBX 1,025 ($13.35) in a research note issued on Tuesday, August 1st. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Liberum Capital’s target price points to a potential upside of 4.97% from the company’s current price.
A number of other analysts have also weighed in on SHB. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 879 ($11.45) price objective on shares of Shaftesbury plc in a research report on Tuesday, May 23rd. J P Morgan Chase & Co upped their price objective on Shaftesbury plc from GBX 1,050 ($13.67) to GBX 1,100 ($14.32) and gave the stock an “overweight” rating in a research report on Wednesday, May 24th. Jefferies Group LLC boosted their target price on shares of Shaftesbury plc from GBX 940 ($12.24) to GBX 1,003 ($13.06) and gave the stock a “hold” rating in a research note on Wednesday, May 24th. Goldman Sachs Group, Inc. (The) downgraded shares of Shaftesbury plc to a “sell” rating and set a GBX 883 ($11.50) target price for the company. in a research note on Thursday, June 15th. Finally, Peel Hunt reiterated a “reduce” rating and set a GBX 875 ($11.39) target price on shares of Shaftesbury plc in a research note on Tuesday, May 23rd. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 929.67 ($12.11).
Shaftesbury plc (LON:SHB) opened at 982.00 on Tuesday. The company’s market cap is GBX 2.74 billion. The company has a 50-day moving average price of GBX 978.29 and a 200 day moving average price of GBX 943.24. Shaftesbury plc has a 52 week low of GBX 861.00 and a 52 week high of GBX 1,013.00.
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About Shaftesbury plc
Shaftesbury PLC is a real estate investment trust. The Company’s objective is to deliver long-term growth in rental income, capital values and shareholder returns. It focuses on retails, restaurants, cafes and leisure. It has approximately 590 shops, restaurants, cafes and bars. Its upper floors consist of over 406,000 square feet of office space and over 560 apartments.
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