Shaftesbury plc (SHB) Hits New 52-Week High at $1,013.00
Shaftesbury plc (LON:SHB) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 1,013 ($13.08) and last traded at GBX 1,013 ($13.08), with a volume of 171,784 shares trading hands. The stock had previously closed at GBX 1,003 ($12.95).
SHB has been the subject of several research reports. Liberum Capital reissued a “buy” rating and issued a GBX 1,000 ($12.91) target price on shares of Shaftesbury plc in a research note on Tuesday, May 23rd. Peel Hunt reissued a “reduce” rating and issued a GBX 875 ($11.30) target price on shares of Shaftesbury plc in a research note on Tuesday, May 23rd. Numis Securities Ltd reissued a “hold” rating and issued a GBX 879 ($11.35) target price on shares of Shaftesbury plc in a research note on Tuesday, May 23rd. Jefferies Group LLC lifted their target price on Shaftesbury plc from GBX 940 ($12.14) to GBX 1,003 ($12.95) and gave the company a “hold” rating in a research note on Wednesday, May 24th. Finally, J P Morgan Chase & Co lifted their target price on Shaftesbury plc from GBX 1,050 ($13.56) to GBX 1,100 ($14.21) and gave the company an “overweight” rating in a research note on Wednesday, May 24th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 929.67 ($12.01).
The stock has a 50-day moving average of GBX 988.42 and a 200-day moving average of GBX 958.93. The company’s market cap is GBX 2.80 billion.
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Shaftesbury plc Company Profile
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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