Shaftesbury plc’s (SHB) Underperform Rating Reiterated at BNP Paribas
BNP Paribas restated their underperform rating on shares of Shaftesbury plc (LON:SHB) in a research note released on Monday. They currently have a GBX 850 ($11.10) price target on the real estate investment trust’s stock.
Other research analysts have also issued research reports about the company. Liberum Capital reissued a buy rating and set a GBX 1,040 ($13.58) price target on shares of Shaftesbury plc in a research note on Friday, June 17th. Barclays PLC dropped their price objective on Shaftesbury plc from GBX 940 ($12.27) to GBX 870 ($11.36) and set an equal weight rating for the company in a report on Thursday, July 7th. Jefferies Group restated a hold rating and set a GBX 888 ($11.59) price objective on shares of Shaftesbury plc in a report on Friday, August 19th. Numis Securities Ltd dropped their price objective on Shaftesbury plc from GBX 946 ($12.35) to GBX 897 ($11.71) and set a hold rating for the company in a report on Tuesday, August 16th. Finally, HSBC upped their price objective on Shaftesbury plc from GBX 821 ($10.72) to GBX 930 ($12.14) and gave the stock a hold rating in a report on Friday, September 30th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. Shaftesbury plc has a consensus rating of Hold and an average price target of GBX 933.93 ($12.19).
Shares of Shaftesbury plc (LON:SHB) opened at 956.00 on Monday. The stock’s market capitalization is GBX 2.66 billion. Shaftesbury plc has a one year low of GBX 650.00 and a one year high of GBX 1,008.00. The firm’s 50-day moving average price is GBX 966.12 and its 200-day moving average price is GBX 924.52.
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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