Canaccord Genuity Boosts Shaftesbury (SHB) Price Target to GBX 965

Shaftesbury (LON:SHB) had its price target boosted by Canaccord Genuity from GBX 925 ($12.45) to GBX 965 ($12.99) in a research note issued to investors on Friday morning. The firm currently has a hold rating on the real estate investment trust’s stock.

SHB has been the topic of several other research reports. JPMorgan Chase & Co. increased their price target on shares of Shaftesbury from GBX 1,100 ($14.80) to GBX 1,150 ($15.48) and gave the stock an overweight rating in a research note on Tuesday, December 5th. Liberum Capital restated a hold rating and set a GBX 1,025 ($13.80) price target on shares of Shaftesbury in a research note on Tuesday, November 28th. Goldman Sachs Group reiterated a sell rating and issued a GBX 883 ($11.88) target price on shares of Shaftesbury in a research note on Wednesday, September 27th. Numis Securities reiterated a hold rating and issued a GBX 974 ($13.11) target price on shares of Shaftesbury in a research note on Thursday, October 19th. Finally, Peel Hunt raised their target price on shares of Shaftesbury from GBX 875 ($11.78) to GBX 970 ($13.06) and gave the company a reduce rating in a research note on Tuesday, November 28th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 987.60 ($13.29).

Shares of Shaftesbury (LON SHB) opened at GBX 1,018 ($13.70) on Friday. Shaftesbury has a 12-month low of GBX 863.50 ($11.62) and a 12-month high of GBX 1,036 ($13.94). The stock has a market cap of $3,130.00 and a P/E ratio of 942.59.

Shaftesbury (LON:SHB) last released its earnings results on Tuesday, November 28th. The real estate investment trust reported GBX 16.20 ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of GBX 16.30 ($0.22) by GBX (0.10) ($0.00). Shaftesbury had a return on equity of 15.53% and a net margin of 351.94%. The company had revenue of £111.50 million during the quarter.

The firm also recently declared a dividend, which will be paid on Friday, February 16th. Investors of record on Thursday, January 18th will be given a GBX 8.10 ($0.11) dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a yield of 0.82%. This is an increase from Shaftesbury’s previous dividend of $7.90.

In related news, insider Jill C. Little acquired 2,997 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were acquired at an average cost of GBX 993 ($13.36) per share, for a total transaction of £29,760.21 ($40,054.12). Also, insider Simon J. Quayle sold 18,430 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of GBX 1,000 ($13.46), for a total value of £184,300 ($248,048.45).

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Shaftesbury Company Profile

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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