Shaftesbury (LON:SHB) had its price objective hoisted by J P Morgan Chase & Co from GBX 1,100 ($14.80) to GBX 1,150 ($15.48) in a research report issued to clients and investors on Tuesday. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. J P Morgan Chase & Co’s price objective would indicate a potential upside of 16.04% from the stock’s current price.
Other research analysts also recently issued reports about the company. Numis Securities reiterated a “hold” rating and set a GBX 974 ($13.11) target price on shares of Shaftesbury in a research report on Wednesday, October 4th. Liberum Capital reiterated a “hold” rating and set a GBX 1,025 ($13.80) target price on shares of Shaftesbury in a research report on Monday, September 25th. Jefferies Group reiterated a “hold” rating and set a GBX 1,003 ($13.50) target price on shares of Shaftesbury in a research report on Wednesday, November 29th. Peel Hunt raised their price target on Shaftesbury from GBX 875 ($11.78) to GBX 970 ($13.06) and gave the stock a “reduce” rating in a research report on Tuesday, November 28th. Finally, Goldman Sachs Group restated a “sell” rating and issued a GBX 883 ($11.88) price target on shares of Shaftesbury in a research report on Wednesday, September 27th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 972.10 ($13.08).
Shaftesbury (LON:SHB) opened at GBX 991 ($13.34) on Tuesday. Shaftesbury has a 52-week low of GBX 861 ($11.59) and a 52-week high of GBX 1,036 ($13.94).
Shaftesbury (LON:SHB) last posted its earnings results on Tuesday, November 28th. The real estate investment trust reported GBX 16.20 ($0.22) EPS for the quarter, missing analysts’ consensus estimates of GBX 16.30 ($0.22) by GBX (0.10) ($0.00). The firm had revenue of £111.50 million for the quarter. Shaftesbury had a net margin of 186.52% and a return on equity of 8.41%.
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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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