Shaftesbury plc (LON:SHB) Receives GBX 863.43 Average PT from Brokerages

Shaftesbury plc (LON:SHB) has been given an average rating of “Hold” by the ten analysts that are currently covering the firm, reports. Three research analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 863.43 ($11.28).

SHB has been the subject of several research analyst reports. Numis Securities lifted their price target on shares of from GBX 532 ($6.95) to GBX 705 ($9.21) and gave the company a “buy” rating in a research note on Thursday, June 6th. UBS Group downgraded shares of CR AGRICOLE S A/ADR from a “buy” rating to a “neutral” rating in a research report on Monday, May 20th. Peel Hunt reissued a “hold” rating and set a GBX 935 ($12.22) target price (up from GBX 920 ($12.02)) on shares of Antofagasta in a research report on Tuesday, July 9th. Liberum Capital restated a “buy” rating on shares of Aquis Exchange in a report on Wednesday, June 5th. Finally, Goldman Sachs Group upgraded shares of to a “buy” rating and set a GBX 1,180 ($15.42) price target on the stock in a report on Tuesday, June 4th.

SHB traded up GBX 1 ($0.01) during midday trading on Friday, hitting GBX 818 ($10.69). The company had a trading volume of 234,597 shares, compared to its average volume of 486,936. Shaftesbury has a 52 week low of GBX 798 ($10.43) and a 52 week high of GBX 937 ($12.24). The company has a quick ratio of 2.96, a current ratio of 3.16 and a debt-to-equity ratio of 31.16. The stock has a market cap of $2.51 billion and a P/E ratio of 27.82. The stock’s 50 day simple moving average is GBX 817.21.

The company also recently announced a dividend, which was paid on Friday, July 5th. Investors of record on Thursday, June 13th were issued a dividend of GBX 8.70 ($0.11) per share. This represents a yield of 1.03%. The ex-dividend date was Thursday, June 13th. This is a positive change from Shaftesbury’s previous dividend of $8.50. Shaftesbury’s dividend payout ratio is 0.58%.

About Shaftesbury

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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