Liberum Capital Reiterates “Hold” Rating for Shaftesbury (SHB)

Liberum Capital reiterated their hold rating on shares of Shaftesbury (LON:SHB) in a research report report published on Wednesday.

A number of other equities research analysts have also recently commented on the company. Morgan Stanley lowered their target price on Shaftesbury from GBX 920 ($12.02) to GBX 880 ($11.50) and set an underweight rating on the stock in a report on Thursday, November 29th. Numis Securities restated a hold rating and set a GBX 1,028 ($13.43) price objective on shares of Shaftesbury in a report on Tuesday, November 27th. Peel Hunt restated a reduce rating on shares of Shaftesbury in a report on Tuesday, November 27th. Finally, UBS Group restated a neutral rating on shares of Shaftesbury in a report on Friday, November 23rd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Shaftesbury currently has an average rating of Hold and an average target price of GBX 985.55 ($12.88).

Shares of LON:SHB opened at GBX 862 ($11.26) on Wednesday. Shaftesbury has a one year low of GBX 894.50 ($11.69) and a one year high of GBX 1,055 ($13.79).

Shaftesbury (LON:SHB) last announced its earnings results on Tuesday, November 27th. The real estate investment trust reported GBX 17.10 ($0.22) EPS for the quarter, missing analysts’ consensus estimates of GBX 17.60 ($0.23) by GBX (0.50) (($0.01)).

The firm also recently disclosed a dividend, which will be paid on Friday, February 15th. Stockholders of record on Thursday, January 17th will be issued a dividend of GBX 8.50 ($0.11) per share. This is a boost from Shaftesbury’s previous dividend of $8.30. The ex-dividend date of this dividend is Thursday, January 17th. This represents a dividend yield of 0.92%.

In other news, insider Brian Bickell sold 20,016 shares of the firm’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of GBX 870 ($11.37), for a total transaction of £174,139.20 ($227,543.71).

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.

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Analyst Recommendations for Shaftesbury (LON:SHB)

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