Shaftesbury (SHB) Price Target Raised to GBX 970
Shaftesbury (LON:SHB) had its price target hoisted by Peel Hunt from GBX 875 ($11.72) to GBX 970 ($12.99) in a report published on Tuesday morning. They currently have a reduce rating on the real estate investment trust’s stock.
A number of other equities research analysts also recently commented on SHB. Liberum Capital lifted their price objective on Shaftesbury from GBX 1,000 ($13.39) to GBX 1,025 ($13.73) and gave the company a hold rating in a research report on Tuesday, August 1st. Numis Securities reaffirmed a hold rating and issued a GBX 974 ($13.04) price objective on shares of Shaftesbury in a research report on Monday, September 25th. Finally, Goldman Sachs Group reaffirmed a sell rating and issued a GBX 883 ($11.83) price objective on shares of Shaftesbury in a research report on Wednesday, September 27th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Shaftesbury has an average rating of Hold and a consensus price target of GBX 967.10 ($12.95).
Shaftesbury (SHB) traded down GBX 3 ($0.04) during midday trading on Tuesday, hitting GBX 989.50 ($13.25). The stock had a trading volume of 275,339 shares, compared to its average volume of 492,660. Shaftesbury has a 12 month low of GBX 861 ($11.53) and a 12 month high of GBX 1,036 ($13.87).
Shaftesbury (LON:SHB) last released its quarterly earnings results on Tuesday, November 28th. The real estate investment trust reported GBX 16.20 ($0.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of GBX 16.30 ($0.22) by GBX (0.10) ($0.00). The company had revenue of £111.50 million during the quarter. Shaftesbury had a return on equity of 8.41% and a net margin of 186.52%.
Shaftesbury 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.
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