Shares of Shaftesbury plc (LON:SHB) have received an average recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 938.27 ($12.45).
A number of equities analysts recently weighed in on SHB shares. Goldman Sachs Group, Inc. (The) lowered shares of Shaftesbury plc to a “sell” rating and set a GBX 883 ($11.71) target price for the company. in a research note on Thursday, June 15th. Liberum Capital upped their target price on shares of Shaftesbury plc from GBX 1,000 ($13.26) to GBX 1,025 ($13.60) and gave the stock a “hold” rating in a research note on Tuesday, August 1st. Peel Hunt reaffirmed a “reduce” rating and issued a GBX 875 ($11.61) target price on shares of Shaftesbury plc in a research note on Monday, August 21st. Finally, Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 974 ($12.92) target price on shares of Shaftesbury plc in a research note on Monday, September 25th.
Shares of Shaftesbury plc (LON:SHB) traded down 2.57% during mid-day trading on Friday, hitting GBX 984.00. The company had a trading volume of 809,342 shares. The company’s market capitalization is GBX 2.74 billion. Shaftesbury plc has a one year low of GBX 861.00 and a one year high of GBX 1,036.00. The firm’s 50-day moving average price is GBX 999.96 and its 200 day moving average price is GBX 969.52.
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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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