Shaftesbury (SHB) Given “Reduce” Rating at Peel Hunt

Shaftesbury (LON:SHB)‘s stock had its “reduce” rating reiterated by stock analysts at Peel Hunt in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports.

Other analysts have also recently issued research reports about the company. Liberum Capital reaffirmed a “hold” rating on shares of Shaftesbury in a report on Friday, February 8th. Goldman Sachs Group lowered their price target on Shaftesbury from GBX 748 ($9.77) to GBX 742 ($9.70) and set a “sell” rating on the stock in a report on Monday, February 25th. JPMorgan Chase & Co. cut Shaftesbury to a “neutral” rating and lowered their price target for the company from GBX 1,150 ($15.03) to GBX 950 ($12.41) in a report on Monday, January 21st. Citigroup cut Shaftesbury to a “neutral” rating and lowered their price target for the company from GBX 1,229 ($16.06) to GBX 872 ($11.39) in a report on Friday, January 25th. Finally, Morgan Stanley raised 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. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Shaftesbury presently has a consensus rating of “Hold” and an average target price of GBX 907.33 ($11.86).

LON:SHB opened at GBX 858.50 ($11.22) on Tuesday. Shaftesbury has a twelve month low of GBX 812 ($10.61) and a twelve month high of GBX 1,006 ($13.15). The stock has a market capitalization of $2.64 billion and a price-to-earnings ratio of 14.80. The company has a debt-to-equity ratio of 31.28, a quick ratio of 3.43 and a current ratio of 3.65.

In other news, insider Christopher P. A. Ward acquired 2,043 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were bought at an average cost of GBX 876 ($11.45) per share, with a total value of £17,896.68 ($23,385.18).

Shaftesbury Company Profile

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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Analyst Recommendations for Shaftesbury (LON:SHB)

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