Shaftesbury plc (LON:SHB)‘s stock had its “underperform” rating reiterated by investment analysts at BNP Paribas in a report issued on Monday. They currently have a GBX 850 ($11.10) price objective on the real estate investment trust’s stock. BNP Paribas’ price objective would suggest a potential downside of 14.18% from the stock’s current price.
Other equities analysts have also issued research reports about the company. Liberum Capital restated a “buy” rating and issued a GBX 1,040 ($13.58) target price on shares of Shaftesbury plc in a research note on Friday, June 17th. Barclays PLC reduced their target price on Shaftesbury plc from GBX 940 ($12.27) to GBX 870 ($11.36) and set an “equal weight” rating for the company in a research note on Thursday, July 7th. Jefferies Group restated a “hold” rating and issued a GBX 888 ($11.59) target price on shares of Shaftesbury plc in a research note on Friday, August 19th. Numis Securities Ltd reduced their target price on Shaftesbury plc from GBX 946 ($12.35) to GBX 897 ($11.71) and set a “hold” rating for the company in a research note on Tuesday, August 16th. Finally, HSBC raised their target price on Shaftesbury plc from GBX 821 ($10.72) to GBX 930 ($12.14) and gave the stock a “hold” rating in a research note on Friday, September 30th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 933.93 ($12.19).
Shaftesbury plc (LON:SHB) opened at 974.00 on Monday. Shaftesbury plc has a 1-year low of GBX 650.00 and a 1-year high of GBX 1,008.00. The stock has a 50 day moving average price of GBX 964.90 and a 200-day moving average price of GBX 923.80. The company’s market cap is GBX 2.71 billion.
Shaftesbury plc Company Profile
Shaftesbury PLC is a United Kingdom-based real estate investment trust (REIT). The Company owns a real estate portfolio extending to around 14 acres in London’s West End. The Company’s holdings are in Carnaby, Covent Garden, Chinatown, Soho and Charlotte Street, the United Kingdom. The Company’s objective is to deliver long-term outperformance in growth in rental income, capital values and shareholder returns.
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