Shaftesbury plc (LON:SHB) had its target price lifted by HSBC from GBX 821 ($10.72) to GBX 930 ($12.14) in a report released on Friday. They currently have a hold rating on the real estate investment trust’s stock.
A number of other equities research analysts have also commented on SHB. Liberum Capital reissued a buy rating and set a GBX 1,040 ($13.58) price objective on shares of Shaftesbury plc in a report on Friday, June 17th. BNP Paribas reissued a neutral rating and set a GBX 930 ($12.14) price objective on shares of Shaftesbury plc in a report on Monday, June 20th. Jefferies Group reissued a hold rating and set a GBX 888 ($11.59) price objective on shares of Shaftesbury plc in a report on Monday, August 8th. Credit Suisse Group AG lowered shares of Shaftesbury plc to a neutral rating and increased their price objective for the stock from GBX 945 ($12.34) to GBX 965 ($12.60) in a report on Friday, June 17th. Finally, Morgan Stanley reissued an underweight rating and set a GBX 790 ($10.31) price objective on shares of Shaftesbury plc in a report on Wednesday, August 31st. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. Shaftesbury plc presently has an average rating of Hold and a consensus price target of GBX 933.93 ($12.19).
Shaftesbury plc (LON:SHB) opened at 974.00 on Friday. Shaftesbury plc has a 12 month low of GBX 650.00 and a 12 month high of GBX 1,008.00. The stock’s market capitalization is GBX 2.71 billion. The company’s 50-day moving average is GBX 964.90 and its 200-day moving average is GBX 923.80.
About Shaftesbury plc
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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