Shaftesbury plc’s (SHB) Hold Rating Reiterated at Liberum Capital
Shaftesbury plc (LON:SHB)‘s stock had its “hold” rating reiterated by stock analysts at Liberum Capital in a report issued on Friday. They currently have a GBX 1,025 ($13.26) price target on the real estate investment trust’s stock. Liberum Capital’s price objective suggests a potential upside of 2.81% from the company’s current price.
SHB has been the subject of several other research reports. Numis Securities Ltd restated a “hold” rating and set a GBX 879 ($11.37) price target on shares of Shaftesbury plc in a report on Tuesday, May 23rd. Peel Hunt restated a “reduce” rating and set a GBX 875 ($11.32) price target on shares of Shaftesbury plc in a report on Tuesday, May 23rd. J P Morgan Chase & Co raised their price target on Shaftesbury plc from GBX 1,050 ($13.58) to GBX 1,100 ($14.23) and gave the company an “overweight” rating in a report on Wednesday, May 24th. Jefferies Group LLC raised their price target on Shaftesbury plc from GBX 940 ($12.16) to GBX 1,003 ($12.97) and gave the company a “hold” rating in a report on Wednesday, May 24th. Finally, Goldman Sachs Group, Inc. (The) cut their price target on Shaftesbury plc from GBX 970 ($12.55) to GBX 950 ($12.29) and set a “neutral” rating for the company in a report on Friday, May 12th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 929.67 ($12.02).
Shaftesbury plc (SHB) opened at 997.50 on Friday. Shaftesbury plc has a 1-year low of GBX 861.00 and a 1-year high of GBX 1,013.00. The firm’s market capitalization is GBX 2.78 billion. The company has a 50 day moving average of GBX 982.96 and a 200 day moving average of GBX 950.76.
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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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