Rating Reporting: Peel Hunt Reaffirms a Reduce Rating on Shaftesbury (LON:SHB) and GBX 825.00 Target

November 29, 2016 - By Vivian Park

Shaftesbury (LON:SHB) Rating

Peel Hunt currently has a GBX 825.00 PT on the 2.54B GBP market cap company or -10.25% downside potential. In a report shared with investors and clients on Tuesday morning, Shaftesbury (LON:SHB) stock had its Reduce Rating kept by professional analysts at Peel Hunt.

Shaftesbury plc (LON:SHB) Ratings Coverage

Out of 16 analysts covering Shaftesbury (LON:SHB), 3 rate it a “Buy”, 3 “Sell”, while 10 “Hold”. This means 19% are positive. GBX 1115 is the highest target while GBX 760 is the lowest. The GBX 944.13 average target is 3.47% above today’s (GBX 912.5) stock price. Shaftesbury has been the topic of 98 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Shaftesbury plc (LON:SHB) earned “Neutral” rating by BNP Paribas on Monday, June 20. Credit Suisse maintained the stock with “Neutral” rating in Monday, October 26 report. The firm has “Buy” rating given on Thursday, September 29 by Liberum Capital. Liberum Capital maintained Shaftesbury plc (LON:SHB) rating on Thursday, January 28. Liberum Capital has “Buy” rating and GBX 1040 price target. The firm earned “Overweight” rating on Thursday, July 21 by JP Morgan. The firm has “Buy” rating by Liberum Capital given on Wednesday, September 30. The stock of Shaftesbury plc (LON:SHB) has “Hold” rating given on Tuesday, August 16 by Numis Securities. The firm has “Hold” rating by Liberum Capital given on Tuesday, November 1. As per Tuesday, November 29, the company rating was maintained by Liberum Capital. The firm has “Buy” rating given on Tuesday, November 24 by Panmure Gordon.

About 185,110 shares traded hands. Shaftesbury plc (LON:SHB) has risen 2.20% since April 29, 2016 and is uptrending. It has underperformed by 3.06% the S&P500.

Shaftesbury PLC is a United Kingdom real estate investment trust . The company has a market cap of 2.54 billion GBP. The Firm owns a real estate portfolio extending to around 14 acres in London’s West End. It has a 6.94 P/E ratio. The Company’s holdings are in Carnaby, Covent Garden, Chinatown, Soho and Charlotte Street, the United Kingdom.

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