Liberum Capital reissued their hold rating on shares of Shaftesbury (LON:SHB) in a research note published on Monday, January 8th. They currently have a GBX 1,075 ($15.10) price target on the real estate investment trust’s stock.
Several other research analysts have also issued reports on the company. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 1,150 ($16.15) target price on shares of Shaftesbury in a research report on Wednesday, December 13th. Peel Hunt reaffirmed a reduce rating and set a GBX 970 ($13.62) target price on shares of Shaftesbury in a research report on Tuesday, December 5th. Numis Securities reiterated a hold rating and set a GBX 974 ($13.68) price target on shares of Shaftesbury in a research note on Thursday, October 19th. Canaccord Genuity boosted their price target on Shaftesbury from GBX 925 ($12.99) to GBX 965 ($13.55) and gave the company a hold rating in a research note on Friday, December 22nd. Finally, Goldman Sachs Group reiterated a sell rating and set a GBX 883 ($12.40) price target on shares of Shaftesbury in a research note on Wednesday, September 27th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of GBX 995.11 ($13.97).
Shares of Shaftesbury (SHB) traded down GBX 9 ($0.13) during mid-day trading on Monday, hitting GBX 976 ($13.71). The company’s stock had a trading volume of 342,808 shares, compared to its average volume of 408,415. Shaftesbury has a twelve month low of GBX 863.50 ($12.13) and a twelve month high of GBX 1,055 ($14.82). The stock has a market cap of $3,000.00 and a PE ratio of 903.70.
Shaftesbury (LON:SHB) last issued its earnings results on Tuesday, November 28th. The real estate investment trust reported GBX 16.20 ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 16.30 ($0.23) by GBX (0.10) ($0.00). The firm had revenue of £111.50 million during the quarter. Shaftesbury had a return on equity of 15.53% and a net margin of 351.94%.
The company also recently announced a dividend, which will be paid on Friday, February 16th. Shareholders of record on Thursday, January 18th will be issued a dividend of GBX 8.10 ($0.11) per share. The ex-dividend date is Thursday, January 18th. This represents a dividend yield of 0.82%. This is a boost from Shaftesbury’s previous dividend of $7.90.
In other news, insider Jill C. Little bought 2,997 shares of Shaftesbury stock in a transaction on Thursday, December 7th. The stock was acquired at an average price of GBX 993 ($13.94) per share, with a total value of £29,760.21 ($41,792.18). Also, insider Jonathan Nicholls purchased 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was bought at an average cost of GBX 1,036 ($14.55) per share, with a total value of £207,200 ($290,970.37).
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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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