Shaftesbury (LON:SHB)‘s stock had its “hold” rating reaffirmed by equities research analysts at Liberum Capital in a research report issued on Wednesday.

Several other analysts also recently commented on the stock. Peel Hunt reissued a “reduce” rating on shares of Shaftesbury in a research report on Friday, September 28th. HSBC downgraded shares of Shaftesbury to a “reduce” rating and decreased their target price for the stock from GBX 856 ($11.19) to GBX 789 ($10.31) in a research report on Wednesday, December 19th. UBS Group reissued a “neutral” rating on shares of Shaftesbury in a research report on Friday, November 23rd. Numis Securities reissued a “hold” rating and issued a GBX 1,028 ($13.43) target price on shares of Shaftesbury in a research report on Tuesday, November 27th. Finally, Morgan Stanley decreased their target price on shares of Shaftesbury from GBX 920 ($12.02) to GBX 880 ($11.50) and set an “underweight” rating for the company in a research report on Thursday, November 29th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Shaftesbury presently has an average rating of “Hold” and a consensus target price of GBX 969.55 ($12.67).

Shaftesbury stock opened at GBX 848 ($11.08) on Wednesday. Shaftesbury has a 52-week low of GBX 894.50 ($11.69) and a 52-week high of GBX 1,055 ($13.79).

Shaftesbury (LON:SHB) last posted its earnings results on Tuesday, November 27th. The real estate investment trust reported GBX 17.10 ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of GBX 17.60 ($0.23) by GBX (0.50) (($0.01)).

In related news, insider Christopher P. A. Ward sold 2,386 shares of the company’s stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of GBX 840 ($10.98), for a total transaction of £20,042.40 ($26,188.95). Also, insider Brian Bickell sold 20,016 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of GBX 870 ($11.37), for a total transaction of £174,139.20 ($227,543.71).

Shaftesbury Company Profile

Shaftesbury is a Real Estate Investment Trust which owns a portfolio extending to 15 acres in the heart of London's West End. Shaftesbury focuses on retail, restaurants and leisure in highly popular, sought-after and prosperous locations mainly concentrated in Carnaby, Seven Dials and Chinatown but also include substantial ownership in East and West Covent Garden, Soho and Fitzrovia.

Further Reading: Net Asset Value

Analyst Recommendations for Shaftesbury (LON:SHB)

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