Shaftesbury (LON:SHB) Price Target Cut to GBX 1,000 by Analysts at Liberum Capital

Shaftesbury (LON:SHB) had its price target trimmed by Liberum Capital from GBX 1,025 ($13.39) to GBX 1,000 ($13.07) in a research report report published on Monday, Stock Target Advisor reports. The firm currently has a hold rating on the real estate investment trust’s stock.

Other research analysts have also recently issued research reports about the stock. UBS Group restated a neutral rating on shares of Shaftesbury in a research report on Wednesday, November 27th. Jefferies Financial Group lowered Shaftesbury to an underperform rating in a research report on Wednesday, November 27th. Goldman Sachs Group reissued a sell rating on shares of Shaftesbury in a research note on Thursday, August 8th. Peel Hunt restated a hold rating on shares of Shaftesbury in a research report on Tuesday, November 26th. Finally, Morgan Stanley cut their price target on Shaftesbury from GBX 900 ($11.76) to GBX 750 ($9.80) and set an underweight rating on the stock in a research note on Monday, September 2nd. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Shaftesbury currently has an average rating of Hold and a consensus price target of GBX 861.56 ($11.26).

SHB opened at GBX 938.53 ($12.26) on Monday. The company has a debt-to-equity ratio of 31.58, a current ratio of 2.03 and a quick ratio of 1.86. The stock has a market capitalization of $2.87 billion and a P/E ratio of 110.41. The company’s 50 day simple moving average is GBX 938.26 and its 200-day simple moving average is GBX 858.28. Shaftesbury has a one year low of GBX 734 ($9.59) and a one year high of GBX 992.50 ($12.97).

The firm also recently declared a dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be paid a dividend of GBX 9 ($0.12) per share. This represents a dividend yield of 0.99%. This is an increase from Shaftesbury’s previous dividend of $8.70. The ex-dividend date of this dividend is Thursday, January 16th. Shaftesbury’s payout ratio is 2.12%.

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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