Shaftesbury plc’s (SHB) “Hold” Rating Reaffirmed at Liberum Capital
Liberum Capital reaffirmed their hold rating on shares of Shaftesbury plc (LON:SHB) in a research report report published on Thursday. Liberum Capital currently has a GBX 1,000 ($12.29) price target on the real estate investment trust’s stock.
Several other research analysts also recently issued reports on the company. BNP Paribas reaffirmed an underperform rating and set a GBX 850 ($10.45) price target on shares of Shaftesbury plc in a research note on Tuesday, October 11th. Numis Securities Ltd cut their price target on Shaftesbury plc from GBX 897 ($11.02) to GBX 876 ($10.77) and set a hold rating for the company in a research note on Tuesday, October 25th. HSBC lifted their price target on Shaftesbury plc from GBX 821 ($10.09) to GBX 930 ($11.43) and gave the stock a hold rating in a research note on Friday, September 30th. Barclays PLC reaffirmed an equal weight rating and set a GBX 870 ($10.69) price target on shares of Shaftesbury plc in a research note on Tuesday, December 13th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating and set a GBX 1,115 ($13.70) price target on shares of Shaftesbury plc in a research note on Thursday, December 1st. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 932.40 ($11.46).
Shares of Shaftesbury plc (LON:SHB) traded up 1.43% on Thursday, reaching GBX 923.00. 413,812 shares of the company’s stock traded hands. The stock’s 50-day moving average price is GBX 906.51 and its 200-day moving average price is GBX 923.75. Shaftesbury plc has a 52 week low of GBX 650.00 and a 52 week high of GBX 1,008.00. The stock’s market capitalization is GBX 2.57 billion.
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The company also recently announced a dividend, which will be paid on Friday, February 17th. Stockholders of record on Thursday, January 19th will be issued a dividend of GBX 7.55 ($0.09) per share. The ex-dividend date of this dividend is Thursday, January 19th. This represents a dividend yield of 0.83%. This is a boost from Shaftesbury plc’s previous dividend of $7.15.
In other news, insider Simon J. Quayle sold 12,081 shares of the business’s stock in a transaction dated Monday, December 12th. The stock was sold at an average price of GBX 891 ($10.95), for a total transaction of £107,641.71 ($132,286.73). Also, insider Jonathan Nicholls bought 850 shares of the firm’s stock in a transaction dated Tuesday, November 29th. The shares were purchased at an average price of GBX 912 ($11.21) per share, with a total value of £7,752 ($9,526.85).
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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