November 29, 2016 - By Peter Kolinski
London: In a research note issued on Tuesday morning, numis reaffirmed their Hold rating on shares of Shaftesbury (LON:SHB). They currently have a GBX 876.00 target price on the company. numis’s target would suggest a potential downside of -4.21% from the company’s stock close price.
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 3.45% above today’s (GBX 912.68) stock price. Shaftesbury has been the topic of 98 analyst reports since August 3, 2015 according to StockzIntelligence Inc. As per Thursday, May 26, the company rating was maintained by Jefferies. Jefferies maintained the stock with “Hold” rating in Monday, September 7 report. On Tuesday, November 24 the stock rating was maintained by Numis Securities with “Hold”. As per Wednesday, November 25, the company rating was maintained by Liberum Capital. UBS maintained Shaftesbury plc (LON:SHB) on Friday, February 5 with “Neutral” rating. Numis Securities maintained it with “Hold” rating and GBX 876 target price in Tuesday, October 25 report. As per Friday, October 21, the company rating was maintained by Morgan Stanley. Goldman Sachs maintained it with “Neutral” rating and GBX 1010 target price in Tuesday, September 15 report. The stock of Shaftesbury plc (LON:SHB) has “Neutral” rating given on Tuesday, November 3 by Goldman Sachs. The stock has “Neutral” rating given by Credit Suisse on Tuesday, June 28.
The stock decreased 1.86% or GBX 17.32 on November 29, hitting GBX 912.68. About 1.39 million shares traded hands or 166.47% up from the average. 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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