Shaftesbury plc (LON:SHB)‘s stock had its “underperform” rating reaffirmed by equities research analysts at BNP Paribas in a note issued to investors on Tuesday. They currently have a GBX 850 ($10.52) target price on the real estate investment trust’s stock. BNP Paribas’ target price points to a potential downside of 7.91% from the stock’s previous close.
Several other brokerages also recently weighed in on SHB. Liberum Capital decreased their target price on Shaftesbury plc from GBX 1,040 ($12.87) to GBX 1,000 ($12.38) and set a “buy” rating for the company in a research report on Monday, July 4th. Morgan Stanley reissued an “underweight” rating and issued a GBX 790 ($9.78) price target on shares of Shaftesbury plc in a report on Wednesday, August 31st. Jefferies Group reissued a “hold” rating and issued a GBX 888 ($10.99) price target on shares of Shaftesbury plc in a report on Friday, August 19th. Citigroup Inc. downgraded Shaftesbury plc to a “neutral” rating and set a GBX 976 ($12.08) price target for the company. in a report on Monday, July 18th. Finally, Credit Suisse Group AG downgraded Shaftesbury plc to a “neutral” rating and increased their price target for the company from GBX 945 ($11.70) to GBX 965 ($11.94) in a report on Friday, June 17th. Three 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 company’s stock. Shaftesbury plc presently has an average rating of “Hold” and an average target price of GBX 933.93 ($11.56).
Shares of Shaftesbury plc (LON:SHB) opened at 918.22 on Tuesday. Shaftesbury plc has a 12 month low of GBX 650.00 and a 12 month high of GBX 1,008.00. The stock’s 50 day moving average price is GBX 964.49 and its 200 day moving average price is GBX 925.42. The firm’s market cap is GBX 2.56 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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