Shaftesbury plc (SHB) Receives Average Rating of “Hold” from Brokerages
Shaftesbury plc (LON:SHB) has been given a consensus rating of “Hold” by the eleven brokerages that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 967 ($12.60).
Several research analysts have weighed in on the company. Peel Hunt reaffirmed a “reduce” rating on shares of Shaftesbury in a research report on Tuesday, May 22nd. Credit Suisse Group raised Shaftesbury to a “neutral” rating and increased their price objective for the company from GBX 860 ($11.20) to GBX 1,015 ($13.22) in a report on Wednesday, June 6th. JPMorgan Chase & Co. raised Shaftesbury to an “overweight” rating in a report on Tuesday, June 5th. Numis Securities increased their price objective on Shaftesbury from GBX 1,019 ($13.27) to GBX 1,028 ($13.39) and gave the company a “hold” rating in a report on Wednesday, May 30th. Finally, Liberum Capital reissued a “hold” rating on shares of Shaftesbury in a report on Tuesday, May 22nd.
In other Shaftesbury news, insider Richard Akers bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 17th. The stock was purchased at an average price of GBX 923 ($12.02) per share, for a total transaction of £18,460 ($24,045.85). Also, insider Brian Bickell bought 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 19th. The shares were acquired at an average price of GBX 930 ($12.11) per share, with a total value of £139,500 ($181,711.61).
Shaftesbury is a Real Estate Investment Trust, which invests exclusively in the liveliest parts of London's West End. Our objective is to deliver long-term growth in rental income, capital values and shareholder returns. Focussed on restaurants, leisure and retail, our exceptional portfolio now extends to 14.9 acres, clustered mainly in Carnaby, Seven Dials and Chinatown, with substantial ownerships in east and west Covent Garden, Soho and Fitzrovia.
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