Shaftesbury (SHABF) Rating Lowered to Hold at Zacks Investment Research

Shaftesbury (OTCMKTS:SHABF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.

According to Zacks, “Shaftesbury plc provides property investment services. It invests and manages real estate portfolio such as retail shops, restaurants, cafes, bars, residential properties and offices. Shaftesbury plc is headquartered in London, the United Kingdom. “

Shaftesbury (OTCMKTS:SHABF) remained flat at $$13.10 during mid-day trading on Thursday. Shaftesbury has a 52 week low of $11.05 and a 52 week high of $13.10.

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About Shaftesbury

Shaftesbury PLC, a real estate investment trust, engages in the investment, ownership, and lease of properties in London, the United Kingdom. The company owns and leases shops, restaurants and leisure space, offices, and residential properties. Its property portfolio comprises approximately 453,000 square feet of restaurants, bars, and leisure spaces; and 394,000 square feet of retail accommodation, 424,000 square feet of offices, and 345 apartments covering 233,000 square feet.

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