Shaftesbury’s (SHB) Reduce Rating Reaffirmed at Peel Hunt
Peel Hunt reiterated their reduce rating on shares of Shaftesbury (LON:SHB) in a report published on Tuesday. Peel Hunt currently has a GBX 970 ($13.06) price objective on the real estate investment trust’s stock.
A number of other brokerages also recently weighed in on SHB. Jefferies Group reiterated a hold rating and issued a GBX 1,003 ($13.50) price target on shares of Shaftesbury in a research report on Wednesday, November 29th. Numis Securities reiterated a hold rating and issued a GBX 1,019 ($13.71) price target on shares of Shaftesbury in a research report on Tuesday, November 28th. Liberum Capital reiterated a hold rating and issued a GBX 1,025 ($13.80) price target on shares of Shaftesbury in a research report on Tuesday, November 28th. J P Morgan Chase & Co increased their price target on shares of Shaftesbury from GBX 1,100 ($14.80) to GBX 1,150 ($15.48) and gave the company an overweight rating in a research report on Tuesday. Finally, Goldman Sachs Group reiterated a sell rating and issued a GBX 883 ($11.88) price target on shares of Shaftesbury in a research report on Wednesday, September 27th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 972.10 ($13.08).
Shares of Shaftesbury (SHB) traded down GBX 1 ($0.01) during trading hours on Tuesday, hitting GBX 1,000 ($13.46). 495,788 shares of the company were exchanged, compared to its average volume of 468,485. Shaftesbury has a 1-year low of GBX 861 ($11.59) and a 1-year high of GBX 1,036 ($13.94).
The business also recently announced a dividend, which will be paid on Friday, February 16th. Shareholders of record on Thursday, January 18th will be issued a dividend of GBX 8.10 ($0.11) per share. This is an increase from Shaftesbury’s previous dividend of $7.90. This represents a yield of 0.82%. The ex-dividend date of this dividend is Thursday, January 18th.
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Shaftesbury 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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