Shaftesbury (LON:SHB) had its price target upped by Morgan Stanley from GBX 880 ($11.50) to GBX 900 ($11.76) in a report released on Thursday morning. The firm currently has an underweight rating on the real estate investment trust’s stock.

Other equities analysts also recently issued reports about the stock. Barclays reduced their price objective on shares of Shaftesbury from GBX 940 ($12.28) to GBX 910 ($11.89) and set an equal weight rating for the company in a research note on Friday, February 15th. Liberum Capital reiterated a hold rating on shares of Shaftesbury in a research note on Friday, February 8th. Numis Securities reiterated a hold rating and issued a GBX 1,028 ($13.43) target price on shares of Shaftesbury in a research note on Tuesday, November 27th. UBS Group reiterated a neutral rating on shares of Shaftesbury in a research note on Friday, November 23rd. Finally, Citigroup downgraded shares of Shaftesbury to a neutral rating and cut their target price for the company from GBX 1,229 ($16.06) to GBX 872 ($11.39) in a research note on Friday, January 25th. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company has a consensus rating of Hold and a consensus target price of GBX 907.33 ($11.86).

Shaftesbury stock opened at GBX 902.50 ($11.79) on Thursday. Shaftesbury has a one year low of GBX 812 ($10.61) and a one year high of GBX 1,028 ($13.43). The company has a debt-to-equity ratio of 31.28, a current ratio of 3.65 and a quick ratio of 3.43. The stock has a market cap of $2.77 billion and a PE ratio of 15.56.

In other news, insider Christopher P. A. Ward bought 2,043 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average cost of GBX 876 ($11.45) per share, for a total transaction of £17,896.68 ($23,385.18). Also, insider Christopher P. A. Ward sold 2,386 shares of the firm’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of GBX 840 ($10.98), for a total transaction of £20,042.40 ($26,188.95).

Shaftesbury Company Profile

Shaftesbury is a Real Estate Investment Trust which owns a portfolio extending to 15 acres in the heart of London's West End. Shaftesbury focuses on retail, restaurants and leisure in highly popular, sought-after and prosperous locations mainly concentrated in Carnaby, Seven Dials and Chinatown but also include substantial ownership in East and West Covent Garden, Soho and Fitzrovia.

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Analyst Recommendations for Shaftesbury (LON:SHB)

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