Shaftesbury (LON:SHB) Given “Hold” Rating at Liberum Capital

Shaftesbury (LON:SHB)‘s stock had its “hold” rating restated by Liberum Capital in a research note issued on Wednesday, December 20th. They currently have a GBX 1,075 ($14.58) price objective on the real estate investment trust’s stock. Liberum Capital’s target price indicates a potential upside of 5.91% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 1,150 ($15.60) price objective on shares of Shaftesbury in a research report on Wednesday, December 13th. Numis Securities restated a “hold” rating and issued a GBX 1,019 ($13.82) target price on shares of Shaftesbury in a research note on Wednesday, December 6th. Peel Hunt restated a “reduce” rating and issued a GBX 970 ($13.15) target price on shares of Shaftesbury in a research note on Tuesday, December 5th. Jefferies Group restated a “hold” rating and issued a GBX 1,003 ($13.60) target price on shares of Shaftesbury in a research note on Wednesday, November 29th. Finally, Goldman Sachs Group restated a “sell” rating and issued a GBX 883 ($11.97) target price on shares of Shaftesbury in a research note on Wednesday, September 27th. Four analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 987.60 ($13.39).

Shaftesbury (LON SHB) traded down GBX 1 ($0.01) during trading on Wednesday, reaching GBX 1,015 ($13.76). 623,986 shares of the company’s stock were exchanged, compared to its average volume of 547,838. The firm has a market cap of $3,130.00 and a price-to-earnings ratio of 939.81. Shaftesbury has a 12 month low of GBX 863.50 ($11.71) and a 12 month high of GBX 1,055 ($14.31).

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 the Zacks’ consensus estimate of GBX 16.30 ($0.22) by GBX (0.10) ($0.00). Shaftesbury had a net margin of 351.94% and a return on equity of 15.53%. The company had revenue of £111.50 million during the quarter.

In related news, insider Jill C. Little bought 2,997 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was purchased at an average cost of GBX 993 ($13.47) per share, for a total transaction of £29,760.21 ($40,358.30). Also, insider Jonathan Nicholls bought 20,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was bought at an average price of GBX 1,036 ($14.05) per share, with a total value of £207,200 ($280,987.25).

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About Shaftesbury

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.

Analyst Recommendations for Shaftesbury (LON:SHB)

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