Shaftesbury (LON:SHB)‘s stock had its “hold” rating reiterated by investment analysts at Liberum Capital in a report released on Wednesday, June 5th, ThisIsMoney.Co.Uk reports.
SHB has been the topic of a number of other research reports. UBS Group reiterated a “neutral” rating and set a GBX 960 ($12.54) price target (down previously from GBX 1,000 ($13.07)) on shares of Shaftesbury in a research note on Monday, February 11th. Barclays decreased their price target on shares of Shaftesbury from GBX 940 ($12.28) to GBX 910 ($11.89) and set an “equal weight” rating on the stock in a research note on Friday, February 15th. Morgan Stanley lifted their price objective on Shaftesbury from GBX 880 ($11.50) to GBX 900 ($11.76) and gave the company an “underweight” rating in a report on Thursday, March 14th. Goldman Sachs Group cut their price objective on Shaftesbury from GBX 748 ($9.77) to GBX 742 ($9.70) and set a “sell” rating for the company in a report on Monday, February 25th. Finally, Peel Hunt reissued a “reduce” rating on shares of Shaftesbury in a report on Tuesday, May 28th. Three analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 892.11 ($11.66).
Shares of Shaftesbury stock traded up GBX 1 ($0.01) during midday trading on Wednesday, hitting GBX 804 ($10.51). The company had a trading volume of 346,812 shares, compared to its average volume of 486,936. The company’s 50 day moving average price is GBX 832.45. The company has a market cap of $2.47 billion and a PE ratio of 27.35. The company has a current ratio of 3.16, a quick ratio of 2.96 and a debt-to-equity ratio of 31.16. Shaftesbury has a 1-year low of GBX 805.50 ($10.53) and a 1-year high of GBX 944 ($12.34).
Shaftesbury is a Real Estate Investment Trust which owns a portfolio extending to 15 acres in the heart of London's West End. Shaftesbury focuses on retail, restaurants and leisure in highly popular, sought-after and prosperous locations mainly concentrated in Carnaby, Seven Dials and Chinatown but also include substantial ownership in East and West Covent Garden, Soho and Fitzrovia.
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