The Shaftesbury plc (SHB) Stock Rating Reaffirmed by Numis Securities Ltd

The Shaftesbury plc (SHB) Stock Rating Reaffirmed by Numis Securities Ltd

A number of other analysts also recently issued reports on the stock. Peel Hunt reissued a reduce rating and set a GBX 875 ($11.24) price target on shares of Shaftesbury plc in a report on Tuesday, May 23rd. Liberum Capital reissued a buy rating and set a GBX 1,000 ($12.85) price target on shares of Shaftesbury plc in a report on Tuesday, May 23rd. Goldman Sachs Group Inc lowered their price target 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. Citigroup Inc upgraded shares of Shaftesbury plc to a buy rating and set a GBX 1,121 ($14.40) price objective for the company in a research report on Friday, May 12th. Finally, Jefferies Group LLC upped their price objective on shares of Shaftesbury plc from GBX 888 ($11.41) to GBX 940 ($12.07) and gave the stock a hold rating in a research report on Wednesday, April 26th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of GBX 923.69 ($11.87).

Numis Securities Ltd reissued their hold rating on shares of Shaftesbury plc (LON:SHB) in a research note released on Tuesday, May 23rd. The firm currently has a GBX 879 ($11.29) target price on the real estate investment trust’s stock.

Shares of Shaftesbury plc (SHB) opened at 964.50 on Tuesday. The stock’s 50 day moving average is GBX 952.51 and its 200-day moving average is GBX 918.72. 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 firm also recently announced a dividend, which will be paid on Friday, July 7th. Stockholders of record on Thursday, June 15th will be given a GBX 7.90 ($0.10) dividend. This represents a dividend yield of 0.82%. This is a boost from Shaftesbury plc’s previous dividend of $7.55. The ex-dividend date is Thursday, June 15th.

In other Shaftesbury plc news, insider Sally E. Walden bought 20,000 shares of Shaftesbury plc stock in a transaction dated Tuesday, March 7th. The stock was acquired 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 bought 1,669 shares of Shaftesbury plc stock in a transaction dated Wednesday, March 29th. The stock was acquired at an average price of GBX 906 ($11.64) per share, with a total value of £15,121.14 ($19,423.43). About Shaftesbury plc

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”});

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