Insider Buying: Shaftesbury PLC (LON:SHB) Insider Acquires 76,014 Shares of Stock

Shaftesbury PLC (LON:SHB – Get Rating) insider Simon J. Quayle purchased 76,014 shares of the stock in a transaction dated Wednesday, June 22nd. The stock was purchased at an average price of GBX 548 ($6.71) per share, for a total transaction of £416,556.72 ($510,236.06).

SHB stock opened at GBX 545.50 ($6.68) on Friday. The firm has a 50 day moving average of GBX 582 and a 200 day moving average of GBX 595.81. The stock has a market capitalization of £2.10 billion and a PE ratio of 5.36. The company has a quick ratio of 5.96, a current ratio of 6.40 and a debt-to-equity ratio of 36.58. Shaftesbury PLC has a 52 week low of GBX 520.50 ($6.38) and a 52 week high of GBX 668.50 ($8.19).

The firm also recently disclosed a dividend, which will be paid on Friday, July 1st. Shareholders of record on Thursday, June 9th will be paid a dividend of GBX 4.80 ($0.06) per share. This represents a yield of 0.82%. This is a boost from Shaftesbury’s previous dividend of $4.00. The ex-dividend date of this dividend is Thursday, June 9th. Shaftesbury’s payout ratio is presently 0.06%.

A number of analysts have recently weighed in on SHB shares. Berenberg Bank restated a “buy” rating and issued a GBX 725 ($8.88) price target on shares of Shaftesbury in a report on Wednesday, May 11th. Barclays restated an “underweight” rating and issued a GBX 560 ($6.86) price target on shares of Shaftesbury in a report on Monday, May 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 659.17 ($8.07).

Shaftesbury Company Profile (Get Rating)

Shaftesbury is a Real Estate Investment Trust which invests exclusively in the liveliest parts of London's West End. Focused on food, beverage, retail and leisure, our portfolio is clustered mainly in Carnaby, Seven Dials and Chinatown, but also includes substantial ownerships in East and West Covent Garden, Soho and Fitzrovia.

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