Ratings Change: Numis Reiterates GBX 876.00 Price Objective On Shaftesbury (LON:SHB), Reiterates Hold Rating

November 29, 2016 - By Peter Kolinski

Shaftesbury (LON:SHB) Rating

Shaftesbury (LON:SHB) had its stock rating noted as Hold by analysts at Numis. Numis currently has a GBX 876.00 TP on the 2.57 billion GBP market cap company or -4.96% downside potential. This was shown in an analyst note on 29 November.

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 2.43% above today’s (GBX 921.75) stock price. Shaftesbury has been the topic of 98 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Panmure Gordon maintained it with “Buy” rating and GBX 1106 target price in Friday, February 5 report. J.P. Morgan maintained the stock with “Overweight” rating in Wednesday, December 16 report. The firm has “Neutral” rating by Kempen & Co given on Wednesday, February 3. Morgan Stanley maintained Shaftesbury plc (LON:SHB) rating on Wednesday, January 13. Morgan Stanley has “Equal Weight” rating and GBX 970 price target. As per Thursday, May 26, the company rating was maintained by Numis Securities. Numis Securities maintained it with “Hold” rating and GBX 897 target price in Tuesday, August 16 report. The firm has “Hold” rating by Numis Securities given on Tuesday, October 6. The firm has “Neutral” rating by UBS given on Monday, October 12. JP Morgan maintained the stock with “Overweight” rating in Thursday, July 21 report. The firm earned “Reduce” rating on Wednesday, May 25 by Peel Hunt.

About 351,662 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 2.57 billion GBP. The Firm owns a real estate portfolio extending to around 14 acres in London’s West End. It has a 7.01 P/E ratio. The Company’s holdings are in Carnaby, Covent Garden, Chinatown, Soho and Charlotte Street, the United Kingdom.

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