November 30, 2016 - By Darrin Black
In a research report issued to clients on today, JP Morgan Cazenove reconfirmed their Overweight rating on Shaftesbury (LON:SHB)‘s stock. The PT means a potential upside of 19.44% from company’s last 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 949.13 average target is 3.28% above today’s (GBX 919) stock price. Shaftesbury has been the topic of 102 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was upgraded by HSBC on Wednesday, October 7 to “Hold”. The rating was upgraded by Kempen & Co on Tuesday, December 8 to “Neutral”. The stock of Shaftesbury plc (LON:SHB) has “Hold” rating given on Thursday, April 21 by Jefferies. The stock of Shaftesbury plc (LON:SHB) has “Neutral” rating given on Tuesday, February 9 by Goldman Sachs. The firm earned “Hold” rating on Wednesday, November 30 by Jefferies. On Tuesday, November 3 the stock rating was maintained by Goldman Sachs with “Neutral”. The firm has “Overweight” rating given on Tuesday, October 27 by J.P. Morgan. As per Thursday, August 20, the company rating was maintained by Canaccord Genuity. As per Wednesday, November 25, the company rating was maintained by Liberum Capital. The firm earned “Hold” rating on Tuesday, August 16 by Numis Securities.
About 57,952 shares traded hands. Shaftesbury plc (LON:SHB) has declined 0.05% since May 3, 2016 and is downtrending. It has underperformed by 5.28% the S&P500.
Shaftesbury PLC is a United Kingdom real estate investment trust . The company has a market cap of 2.56 billion GBP. The Firm owns a real estate portfolio extending to around 14 acres in London’s West End. It has a 6.99 P/E ratio. The Company’s holdings are in Carnaby, Covent Garden, Chinatown, Soho and Charlotte Street, the United Kingdom.
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By Darrin Black