Shaftesbury (LON:SHB)‘s stock had its “reduce” rating restated by research analysts at Peel Hunt in a research report issued to clients and investors on Wednesday. They currently have a GBX 970 ($13.06) price target on the real estate investment trust’s stock. Peel Hunt’s target price points to a potential downside of 4.01% from the company’s previous close.
Several other brokerages have also recently weighed in on SHB. Liberum Capital reaffirmed a “hold” rating and set a GBX 1,075 ($14.47) target price on shares of Shaftesbury in a research note on Wednesday. Goldman Sachs Group reaffirmed a “sell” rating and set a GBX 883 ($11.88) target price on shares of Shaftesbury in a research note on Wednesday, September 27th. Numis Securities reaffirmed a “hold” rating and set a GBX 974 ($13.11) target price on shares of Shaftesbury in a research note on Monday, September 25th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 1,150 ($15.48) target price on shares of Shaftesbury in a research note on Wednesday, December 13th. Finally, Jefferies Group reaffirmed a “hold” rating and set a GBX 1,003 ($13.50) target price on shares of Shaftesbury in a research note on Wednesday, November 29th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 977.10 ($13.15).
Shaftesbury (LON SHB) opened at GBX 1,010.50 ($13.60) on Wednesday. Shaftesbury has a 52 week low of GBX 861 ($11.59) and a 52 week high of GBX 1,036 ($13.94).
In related news, insider Jill C. Little purchased 2,997 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was acquired at an average price of GBX 993 ($13.36) per share, for a total transaction of £29,760.21 ($40,054.12). Also, insider Simon J. Quayle sold 18,430 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of GBX 1,000 ($13.46), for a total value of £184,300 ($248,048.45).
Shaftesbury 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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