November 30, 2016 - By Darrin Black
In a research note sent to investors and clients on Wednesday morning, Shaftesbury (LON:SHB) stock “Underperform” was reiterated by Analysts at Exane BNP Paribas. They currently have a GBX 930.00 price target on the stock. Exane BNP Paribas’s price target indicates a potential upside of 1.20% 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 949.13 average target is 3.22% above today’s (GBX 919.5) stock price. Shaftesbury has been the topic of 102 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Shaftesbury plc (LON:SHB) earned “Hold” rating by HSBC on Tuesday, February 9. The company was maintained on Wednesday, September 30 by Panmure Gordon. The stock of Shaftesbury plc (LON:SHB) earned “Hold” rating by Jefferies on Thursday, May 26. The rating was maintained by Liberum Capital on Thursday, August 4 with “Buy”. The rating was maintained by BNP Paribas on Friday, April 1 with “Neutral”. Barclays Capital maintained Shaftesbury plc (LON:SHB) rating on Thursday, July 7. Barclays Capital has “Equal Weight” rating and GBX 870 price target. The stock has “Overweight” rating given by J.P. Morgan on Tuesday, November 24. Liberum Capital maintained it with “Buy” rating and GBX 1000 target price in Thursday, September 29 report. The rating was maintained by Numis Securities with “Hold” on Tuesday, November 29. The company was maintained on Monday, June 20 by BNP Paribas.
About 68,022 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 7 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