Shaftesbury (SHB) Given Hold Rating at Liberum Capital
Liberum Capital restated their hold rating on shares of Shaftesbury (LON:SHB) in a research note released on Monday. They currently have a GBX 1,075 ($14.47) price target on the real estate investment trust’s stock.
Several other analysts also recently weighed in on SHB. Jefferies Group reissued a hold rating and issued a GBX 1,003 ($13.50) target price on shares of Shaftesbury in a report on Wednesday, November 29th. Numis Securities reissued a hold rating and issued a GBX 974 ($13.11) target price on shares of Shaftesbury in a report on Monday, September 25th. Peel Hunt reissued a reduce rating and issued a GBX 970 ($13.06) target price on shares of Shaftesbury in a report on Tuesday, December 5th. J P Morgan Chase & Co boosted their target price on Shaftesbury from GBX 1,100 ($14.80) to GBX 1,150 ($15.48) and gave the company an overweight rating in a report on Tuesday, December 5th. Finally, Goldman Sachs Group reissued a sell rating and issued a GBX 883 ($11.88) target price on shares of Shaftesbury in a 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 stock presently has an average rating of Hold and an average price target of GBX 977.10 ($13.15).
Shares of Shaftesbury (LON:SHB) opened at GBX 1,001 ($13.47) on Monday. Shaftesbury has a fifty-two week low of GBX 861 ($11.59) and a fifty-two week high of GBX 1,036 ($13.94).
Shaftesbury (LON:SHB) last announced its quarterly earnings results on Tuesday, November 28th. The real estate investment trust reported GBX 16.20 ($0.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of GBX 16.30 ($0.22) by GBX (0.10) ($0.00). Shaftesbury had a return on equity of 8.41% and a net margin of 186.52%. The business had revenue of £111.50 million for the quarter.
The business also recently disclosed a dividend, which will be paid on Friday, February 16th. Shareholders of record on Thursday, January 18th will be paid a dividend of GBX 8.10 ($0.11) per share. The ex-dividend date is Thursday, January 18th. This is an increase from Shaftesbury’s previous dividend of $7.90. This represents a yield of 0.82%.
In related news, insider Jill C. Little acquired 2,997 shares of Shaftesbury stock in a transaction on Thursday, December 7th. The stock was purchased at an average cost of GBX 993 ($13.36) per share, with a total value of £29,760.21 ($40,054.12).
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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