Shaftesbury (LON:SHB) had its price target upped by Morgan Stanley from GBX 880 ($12.16) to GBX 970 ($13.40) in a research report report published on Tuesday. They currently have an underweight rating on the real estate investment trust’s stock.

A number of other research analysts have also recently weighed in on SHB. Jefferies Group restated a hold rating and set a GBX 1,003 ($13.86) target price on shares of Shaftesbury in a research note on Wednesday, November 29th. Liberum Capital reiterated a hold rating and issued a GBX 1,075 ($14.85) price target on shares of Shaftesbury in a research note on Friday, February 9th. Barclays reiterated an equal weight rating and issued a GBX 970 ($13.40) price target on shares of Shaftesbury in a research note on Thursday, February 22nd. Peel Hunt boosted their price target on shares of Shaftesbury from GBX 875 ($12.09) to GBX 970 ($13.40) and gave the stock a reduce rating in a research note on Tuesday, November 28th. Finally, JPMorgan Chase & Co. cut shares of Shaftesbury to a neutral rating and set a GBX 1,150 ($15.89) price target on the stock. in a research note on Monday, January 15th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Shaftesbury presently has a consensus rating of Hold and a consensus target price of GBX 1,007.60 ($13.92).

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Shaftesbury (LON SHB) opened at GBX 975.50 ($13.48) on Tuesday. Shaftesbury has a one year low of GBX 894.50 ($12.36) and a one year high of GBX 1,055 ($14.58). The firm has a market cap of $2,960.00 and a price-to-earnings ratio of 903.24.

In other Shaftesbury news, insider Richard Akers bought 3,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average cost of GBX 949 ($13.11) per share, for a total transaction of £28,470 ($39,334.07). Also, insider Jonathan Nicholls bought 20,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were acquired at an average price of GBX 1,036 ($14.31) per share, for a total transaction of £207,200 ($286,266.92).

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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.

Analyst Recommendations for Shaftesbury (LON:SHB)

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