Shaftesbury PLC (LON:SHB) Receives Consensus Rating of “Hold” from Brokerages

Shares of Shaftesbury PLC (LON:SHB) have been given a consensus rating of “Hold” by the six brokerages that are currently covering the company, reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 576 ($7.53).

SHB has been the topic of a number of recent analyst reports. Berenberg Bank initiated coverage on Shaftesbury in a report on Tuesday, July 6th. They set a “buy” rating and a GBX 725 ($9.47) price target on the stock. initiated coverage on Shaftesbury in a report on Thursday, May 6th. They set a “neutral” rating on the stock. Liberum Capital reaffirmed a “hold” rating and set a GBX 565 ($7.38) price target on shares of Shaftesbury in a report on Tuesday, May 25th. Numis Securities reaffirmed a “reduce” rating and set a GBX 490 ($6.40) price target on shares of Shaftesbury in a report on Tuesday, May 25th. Finally, Barclays raised their price objective on shares of Shaftesbury from GBX 435 ($5.68) to GBX 440 ($5.75) and gave the company an “underweight” rating in a research note on Friday, June 4th.

Shares of SHB traded down GBX 0.91 ($0.01) during mid-day trading on Friday, reaching GBX 586.09 ($7.66). 331,501 shares of the company’s stock traded hands, compared to its average volume of 581,836. The firm’s 50-day simple moving average is GBX 601.49. The company has a market cap of £2.25 billion and a PE ratio of -2.62. The company has a quick ratio of 12.33, a current ratio of 13.13 and a debt-to-equity ratio of 42.54. Shaftesbury has a 12 month low of GBX 407 ($5.32) and a 12 month high of GBX 674.50 ($8.81).

The business also recently disclosed a dividend, which was paid on Friday, July 2nd. Investors of record on Thursday, June 10th were paid a dividend of GBX 2.40 ($0.03) per share. The ex-dividend date was Thursday, June 10th. This represents a dividend yield of 0.4%.

Shaftesbury Company Profile

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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Analyst Recommendations for Shaftesbury (LON:SHB)

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