Numis Securities Ltd Reiterates “Hold” Rating for Shaftesbury plc (SHB)
Shaftesbury plc (LON:SHB)‘s stock had its “hold” rating reissued by equities research analysts at Numis Securities Ltd in a research report issued to clients and investors on Wednesday. They currently have a GBX 974 ($12.92) price target on the real estate investment trust’s stock. Numis Securities Ltd’s price target would suggest a potential downside of 1.57% from the company’s previous close.
Other equities analysts also recently issued reports about the stock. Liberum Capital increased their target price on shares of Shaftesbury plc from GBX 1,000 ($13.26) to GBX 1,025 ($13.60) and gave the stock a “hold” rating in a research report on Tuesday, August 1st. Peel Hunt reissued a “reduce” rating and set a GBX 875 ($11.61) target price on shares of Shaftesbury plc in a research report on Monday, August 21st. Finally, Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a GBX 883 ($11.71) target price on shares of Shaftesbury plc in a research report on Wednesday, September 27th. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 938.27 ($12.45).
Shares of Shaftesbury plc (LON SHB) opened at 991.00 on Wednesday. The firm’s 50-day moving average price is GBX 1,000.36 and its 200-day moving average price is GBX 969.66. Shaftesbury plc has a 52-week low of GBX 861.00 and a 52-week high of GBX 1,036.00. The stock’s market cap is GBX 2.76 billion.
About Shaftesbury plc
Shaftesbury PLC is a real estate investment trust. The Company’s objective is to deliver long-term growth in rental income, capital values and shareholder returns. It focuses on retails, restaurants, cafes and leisure. It has approximately 590 shops, restaurants, cafes and bars. Its upper floors consist of over 406,000 square feet of office space and over 560 apartments.
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