Numis Securities Reiterates Hold Rating for Shaftesbury (SHB)

Numis Securities reissued their hold rating on shares of Shaftesbury (LON:SHB) in a report published on Thursday morning, ThisIsMoney.Co.Uk reports.

Several other equities analysts also recently weighed in on the company. Peel Hunt restated a reduce rating on shares of Shaftesbury in a report on Tuesday, May 14th. Morgan Stanley lifted their price objective on Shaftesbury from GBX 880 ($11.50) to GBX 900 ($11.76) and gave the stock an underweight rating in a report on Thursday, March 14th. Liberum Capital reiterated a hold rating on shares of Shaftesbury in a report on Tuesday, March 12th. Goldman Sachs Group reduced their price objective on Shaftesbury from GBX 748 ($9.77) to GBX 742 ($9.70) and set a sell rating for the company in a report on Monday, February 25th. Finally, Barclays reduced their price objective on Shaftesbury from GBX 940 ($12.28) to GBX 910 ($11.89) and set an equal weight rating for the company in a report on Friday, February 15th. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of GBX 907.33 ($11.86).

Shares of LON:SHB opened at GBX 853 ($11.15) on Thursday. Shaftesbury has a 1-year low of GBX 812 ($10.61) and a 1-year high of GBX 1,006 ($13.15). The company has a quick ratio of 3.43, a current ratio of 3.65 and a debt-to-equity ratio of 31.28. The firm has a market cap of $2.62 billion and a PE ratio of 14.71.

In other news, insider Christopher P. A. Ward purchased 2,043 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was acquired at an average cost of GBX 876 ($11.45) per share, for a total transaction of £17,896.68 ($23,385.18).

Shaftesbury Company Profile

Shaftesbury is a Real Estate Investment Trust which owns a portfolio extending to 15 acres in the heart of London's West End. Shaftesbury focuses on retail, restaurants and leisure in highly popular, sought-after and prosperous locations mainly concentrated in Carnaby, Seven Dials and Chinatown but also include substantial ownership in East and West Covent Garden, Soho and Fitzrovia.

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Analyst Recommendations for Shaftesbury (LON:SHB)

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