Rating to Follow: Shaftesbury (LON:SHB) Stock Rating Reconfirmed by JP Morgan Cazenove; The GBX 930.00 Target Indicates 1.25% Potential

November 30, 2016 - By Dolores Ford

Shaftesbury (LON:SHB) Rating

In a report published on Wednesday, 30 November, Shaftesbury (LON:SHB) stock had its “Overweight” Rating reaffirmed by stock research analysts at JP Morgan Cazenove. They currently have a GBX 930.00 price target on firm. JP Morgan Cazenove’s target suggests a potential upside of 1.25% from the company’s last stock close price.

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 949.13 average target is 3.50% above today’s (GBX 917) stock price. Shaftesbury has been the topic of 102 analyst reports since August 3, 2015 according to StockzIntelligence Inc. JP Morgan maintained it with “Overweight” rating and GBX 1080 target price in Wednesday, December 16 report. The company was maintained on Wednesday, November 30 by Jefferies. On Tuesday, December 8 the stock rating was upgraded by Kempen & Co to “Neutral”. The rating was maintained by Jefferies with “Hold” on Thursday, April 21. Numis Securities maintained the stock with “Hold” rating in Tuesday, October 6 report. Liberum Capital maintained Shaftesbury plc (LON:SHB) on Wednesday, September 30 with “Buy” rating. The company was maintained on Monday, September 21 by Jefferies. Canaccord Genuity maintained Shaftesbury plc (LON:SHB) rating on Friday, January 29. Canaccord Genuity has “Hold” rating and GBX 996 price target. Canaccord Genuity maintained Shaftesbury plc (LON:SHB) on Tuesday, November 24 with “Hold” rating. Jefferies maintained Shaftesbury plc (LON:SHB) on Thursday, November 26 with “Hold” rating.

About 292,241 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 2.55 billion GBP. The Firm owns a real estate portfolio extending to around 14 acres in London’s West End. It has a 6.98 P/E ratio. The Company’s holdings are in Carnaby, Covent Garden, Chinatown, Soho and Charlotte Street, the United Kingdom.

Another recent and important Shaftesbury plc (LON:SHB) news was published by Fool.Co.Uk which published an article titled: “Should You Buy J Sainsbury plc, Shaftesbury plc & Premier Farnell plc On Friday?” on February 05, 2016.

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