Shaftesbury (SHB) Given Hold Rating at Liberum Capital

Shaftesbury (LON:SHB)‘s stock had its “hold” rating reaffirmed by research analysts at Liberum Capital in a research note issued on Friday. They currently have a GBX 1,075 ($15.07) price target on the real estate investment trust’s stock. Liberum Capital’s target price would suggest a potential upside of 14.00% from the company’s current price.

Several other equities analysts have also recently issued reports on SHB. Jefferies Group restated a “hold” rating and issued a GBX 1,003 ($14.06) price target on shares of Shaftesbury in a research report on Wednesday, November 29th. Peel Hunt boosted their price target on Shaftesbury from GBX 875 ($12.27) to GBX 970 ($13.60) and gave the company a “reduce” rating in a research report on Tuesday, November 28th. JPMorgan Chase & Co. cut Shaftesbury to a “neutral” rating and set a GBX 1,150 ($16.12) price target on the stock. in a research report on Monday, January 15th. Numis Securities restated a “hold” rating and issued a GBX 1,019 ($14.29) price target on shares of Shaftesbury in a research report on Wednesday, December 6th. Finally, Canaccord Genuity boosted their target price on Shaftesbury from GBX 925 ($12.97) to GBX 965 ($13.53) and gave the stock a “hold” rating in a research report on Friday, December 22nd. Two 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 stock presently has an average rating of “Hold” and an average price target of GBX 1,017 ($14.26).

Shares of Shaftesbury (LON:SHB) opened at GBX 943 ($13.22) on Friday. Shaftesbury has a fifty-two week low of GBX 878 ($12.31) and a fifty-two week high of GBX 1,055 ($14.79). The firm has a market capitalization of $2,900.00 and a PE ratio of 873.15.

Shaftesbury (LON:SHB) last issued its quarterly earnings results on Tuesday, November 28th. The real estate investment trust reported GBX 16.20 ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 16.30 ($0.23) by GBX (0.10) ($0.00). The company had revenue of £111.50 million during the quarter. Shaftesbury had a net margin of 351.94% and a return on equity of 15.53%.

In related news, insider Simon J. Quayle sold 18,430 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of GBX 1,000 ($14.02), for a total value of £184,300 ($258,412.79). Also, insider Jonathan Nicholls bought 20,000 shares of Shaftesbury stock in a transaction that occurred on Tuesday, January 2nd. The stock was bought at an average cost of GBX 1,036 ($14.53) per share, for a total transaction of £207,200 ($290,521.59).

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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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