Shaftesbury plc (LON:SHB) Given Average Rating of “Hold” by Brokerages

Shaftesbury plc (LON:SHB) has earned an average recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 863.43 ($11.28).

Several research firms have commented on SHB. UBS Group reissued a “neutral” rating on shares of Shaftesbury in a research report on Monday, May 20th. Numis Securities reissued a “hold” rating and set a GBX 909 ($11.88) price target on shares of Shaftesbury in a research report on Thursday, June 6th. Peel Hunt reissued a “hold” rating on shares of Shaftesbury in a research report on Tuesday, July 9th. Goldman Sachs Group decreased their price target on shares of Shaftesbury from GBX 742 ($9.70) to GBX 714 ($9.33) and set a “sell” rating for the company in a research report on Tuesday, June 4th. Finally, Liberum Capital reissued a “hold” rating on shares of Shaftesbury in a research report on Wednesday, June 5th.

Shares of SHB stock traded up GBX 6.50 ($0.08) during mid-day trading on Wednesday, hitting GBX 754.50 ($9.86). 263,320 shares of the stock traded hands, compared to its average volume of 486,936. The stock has a market capitalization of $2.31 billion and a PE ratio of 25.66. The stock’s fifty day moving average price is GBX 807.79. Shaftesbury has a 52-week low of GBX 742 ($9.70) and a 52-week high of GBX 935.50 ($12.22). The company has a debt-to-equity ratio of 31.16, a quick ratio of 2.96 and a current ratio of 3.16.

In other news, insider Richard Akers purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The stock was acquired at an average cost of GBX 810 ($10.58) per share, with a total value of £16,200 ($21,168.17).

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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