Jefferies Group Reiterates “Hold” Rating for Shaftesbury (SHB)
Jefferies Group reiterated their hold rating on shares of Shaftesbury (LON:SHB) in a research note published on Thursday morning. They currently have a GBX 953 ($12.92) price objective on the real estate investment trust’s stock.
Several other equities analysts have also commented on the company. JPMorgan Chase & Co. lowered Shaftesbury to a neutral rating and set a GBX 1,150 ($15.60) price target on the stock. in a research report on Monday, January 15th. Liberum Capital reissued a hold rating and set a GBX 1,075 ($14.58) price target on shares of Shaftesbury in a research report on Monday, January 8th. Canaccord Genuity boosted their price target on Shaftesbury from GBX 925 ($12.54) to GBX 965 ($13.09) and gave the stock a hold rating in a research report on Friday, December 22nd. Peel Hunt reissued a reduce rating and set a GBX 970 ($13.15) price target on shares of Shaftesbury in a research report on Wednesday, December 20th. Finally, Numis Securities reissued a hold rating and set a GBX 1,019 ($13.82) price target on shares of Shaftesbury in a research report on Wednesday, December 6th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of GBX 982.60 ($13.33).
Shaftesbury (LON:SHB) traded up GBX 2 ($0.03) during midday trading on Thursday, hitting GBX 1,008 ($13.67). The stock has a market cap of $3,100.00 and a PE ratio of 933.33. Shaftesbury has a 12-month low of GBX 863.50 ($11.71) and a 12-month high of GBX 1,055 ($14.31).
The company also recently declared a dividend, which will be paid on Friday, February 16th. Stockholders of record on Thursday, January 18th will be issued a GBX 8.10 ($0.11) dividend. This represents a dividend yield of 0.82%. This is an increase from Shaftesbury’s previous dividend of $7.90. The ex-dividend date is Thursday, January 18th.
In other news, insider Jill C. Little purchased 2,997 shares of the stock in a transaction dated Thursday, December 7th. The stock was acquired at an average cost of GBX 993 ($13.47) per share, for a total transaction of £29,760.21 ($40,358.30). Also, insider Jonathan Nicholls purchased 20,000 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was purchased at an average price of GBX 1,036 ($14.05) per share, with a total value of £207,200 ($280,987.25).
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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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