The Peel Hunt Reiterates Reduce Rating for Shaftesbury plc (SHB)

The Peel Hunt Reiterates Reduce Rating for Shaftesbury plc (SHB)

SHB has been the topic of a number of other research reports. BNP Paribas reissued an “underperform” rating and set a GBX 870 ($11.18) price objective on shares of Shaftesbury plc in a report on Wednesday, January 25th. Liberum Capital raised shares of Shaftesbury plc to a “buy” rating and set a GBX 1,000 ($12.85) price objective on the stock in a report on Friday, February 3rd. Barclays PLC cut shares of Shaftesbury plc to an “underweight” rating and cut their price objective for the stock from GBX 870 ($11.18) to GBX 820 ($10.53) in a report on Wednesday, February 8th. Citigroup Inc raised shares of Shaftesbury plc to a “buy” rating and set a GBX 1,121 ($14.40) price objective on the stock in a report on Friday, May 12th. Finally, Goldman Sachs Group Inc cut their price objective on shares of Shaftesbury plc from GBX 970 ($12.46) to GBX 950 ($12.20) and set a “neutral” rating on the stock in a report on Friday, May 12th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 923.69 ($11.87).

Shaftesbury plc (LON:SHB)‘s stock had its “reduce” rating reissued by analysts at Peel Hunt in a research note issued on Tuesday, May 23rd. They currently have a GBX 875 ($11.24) price target on the real estate investment trust’s stock. Peel Hunt’s price target suggests a potential downside of 9.56% from the stock’s previous close.

Shares of Shaftesbury plc (SHB) opened at 964.50 on Tuesday. The stock’s market cap is GBX 2.69 billion. 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 is GBX 952.51 and its 200-day moving average is GBX 918.72.

The company also recently disclosed a dividend, which will be paid on Friday, July 7th. Investors of record on Thursday, June 15th will be given a GBX 7.90 ($0.10) dividend. This represents a yield of 0.82%. This is a positive change from Shaftesbury plc’s previous dividend of $7.55. The ex-dividend date of this dividend is Thursday, June 15th. In other news, insider Sally E. Walden acquired 20,000 shares of the stock in a transaction that occurred on Tuesday, March 7th. The shares were purchased at an average cost of GBX 919 ($11.80) per share, for a total transaction of £183,800 ($236,095.05). Also, insider Hilary S. Riva acquired 1,669 shares of the stock in a transaction that occurred on Wednesday, March 29th. The stock was purchased at an average price of GBX 906 ($11.64) per share, for a total transaction of £15,121.14 ($19,423.43).

Shaftesbury plc Company Profile Shaftesbury PLC is a real estate investment trust. The Company’s objective is to deliver long-term growth in rental income, capital values and shareholder returns. It focuses on retails, restaurants, cafes and leisure. It has approximately 590 shops, restaurants, cafes and bars. Its upper floors consist of over 406,000 square feet of office space and over 560 apartments.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:SHB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for Shaftesbury plc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Shaftesbury plc and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment