Shaftesbury plc (LON:SHB) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Shaftesbury plc (LON:SHB) have been given an average recommendation of “Hold” by the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 929.67 ($12.11).

Several analysts have recently issued reports on SHB shares. Liberum Capital reissued a “buy” rating and set a GBX 1,000 ($13.02) target price on shares of Shaftesbury plc in a report on Tuesday, May 23rd. Citigroup Inc. upgraded Shaftesbury plc to a “buy” rating and set a GBX 1,121 ($14.60) price objective for the company in a research report on Friday, May 12th. Jefferies Group LLC upped their price objective on Shaftesbury plc from GBX 940 ($12.24) to GBX 1,003 ($13.06) and gave the stock a “hold” rating in a research report on Wednesday, May 24th. Numis Securities Ltd restated a “hold” rating and set a GBX 879 ($11.45) price objective on shares of Shaftesbury plc in a research report on Tuesday, May 23rd. Finally, Goldman Sachs Group, Inc. (The) dropped their price objective on Shaftesbury plc from GBX 970 ($12.63) to GBX 950 ($12.37) and set a “neutral” rating for the company in a research report on Friday, May 12th.

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Shares of Shaftesbury plc (SHB) traded down 1.01% during trading on Friday, reaching GBX 976.50. 299,170 shares of the company traded hands. The stock’s market cap is GBX 2.72 billion. Shaftesbury plc has a 12 month low of GBX 861.00 and a 12 month high of GBX 1,013.00. The stock’s 50 day moving average price is GBX 978.29 and its 200-day moving average price is GBX 943.24.

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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