Shaftesbury (SHB) Given “Neutral” Rating at UBS Group

UBS Group reaffirmed their neutral rating on shares of Shaftesbury (LON:SHB) in a research report sent to investors on Monday morning, investing.thisismoney.co.uk reports. The brokerage currently has a GBX 960 ($12.54) price objective on the real estate investment trust’s stock, down from their prior price objective of GBX 1,000 ($13.07).

Several other research analysts also recently weighed in on the stock. Liberum Capital restated a hold rating on shares of Shaftesbury in a research report on Friday, February 8th. Peel Hunt restated a reduce rating on shares of Shaftesbury in a research report on Friday, February 8th. Goldman Sachs Group reduced their price target on shares of Shaftesbury from GBX 806 ($10.53) to GBX 748 ($9.77) and set a sell rating for the company in a research report on Friday, January 25th. Citigroup downgraded shares of Shaftesbury to a neutral rating and reduced their price target for the stock from GBX 1,229 ($16.06) to GBX 872 ($11.39) in a research report on Friday, January 25th. Finally, JPMorgan Chase & Co. downgraded shares of Shaftesbury to a neutral rating and reduced their price target for the stock from GBX 1,150 ($15.03) to GBX 950 ($12.41) in a research report on Monday, January 21st. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Shaftesbury has a consensus rating of Hold and a consensus target price of GBX 912.44 ($11.92).

SHB stock opened at GBX 872 ($11.39) on Monday. Shaftesbury has a 52-week low of GBX 894.50 ($11.69) and a 52-week high of GBX 1,055 ($13.79).

Shaftesbury (LON:SHB) last posted its earnings results on Tuesday, November 27th. The real estate investment trust reported GBX 17.10 ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of GBX 17.60 ($0.23) by GBX (0.50) (($0.01)).

The business also recently declared a dividend, which will be paid on Friday, February 15th. Investors of record on Thursday, January 17th will be given a dividend of GBX 8.50 ($0.11) per share. This represents a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, January 17th. This is an increase from Shaftesbury’s previous dividend of $8.30.

In other Shaftesbury news, insider Christopher P. A. Ward sold 2,386 shares of the stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of GBX 840 ($10.98), for a total value of £20,042.40 ($26,188.95). Also, insider Brian Bickell sold 20,016 shares of the stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of GBX 870 ($11.37), for a total transaction of £174,139.20 ($227,543.71).

About Shaftesbury

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.

See Also: How to Calculate Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Shaftesbury (LON:SHB)

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