Shaftesbury plc (SHB) Receives Average Recommendation of “Hold” from Analysts

Shares of Shaftesbury plc (LON:SHB) have earned a consensus rating of “Hold” from the eleven brokerages that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 967 ($12.64).

A number of research firms recently weighed in on SHB. UBS Group reissued a “neutral” rating and set a GBX 1,000 ($13.07) price target (down from GBX 1,040 ($13.59)) on shares of Shaftesbury in a research note on Wednesday, September 5th. Liberum Capital reissued a “hold” rating on shares of Shaftesbury in a research note on Friday, September 28th. Finally, Peel Hunt reissued a “reduce” rating on shares of Shaftesbury in a research note on Friday, September 28th.

Shares of SHB traded up GBX 3 ($0.04) on Thursday, reaching GBX 905.50 ($11.83). 202,285 shares of the company’s stock were exchanged, compared to its average volume of 486,936. Shaftesbury has a 12 month low of GBX 894.50 ($11.69) and a 12 month high of GBX 1,055 ($13.79).

About Shaftesbury

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.

Read More: What is the balance sheet?

Analyst Recommendations for Shaftesbury (LON:SHB)

Receive News & Ratings for Shaftesbury Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shaftesbury and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply