Shaftesbury plc (LON:SHB) had its price objective dropped by equities researchers at Goldman Sachs Group, Inc. (The) from GBX 970 ($12.27) to GBX 950 ($12.02) in a research note issued on Friday, May 12th. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Goldman Sachs Group, Inc. (The)’s price objective would suggest a potential downside of 2.81% from the stock’s previous close.
A number of other equities research analysts have also issued reports on SHB. Numis Securities Ltd upped their price target on Shaftesbury plc from GBX 876 ($11.08) to GBX 879 ($11.12) and gave the company a “hold” rating in a research report on Friday, January 13th. Barclays PLC reiterated an “equal weight” rating and issued a GBX 870 ($11.01) price objective on shares of Shaftesbury plc in a report on Friday, January 13th. Jefferies Group LLC reiterated a “hold” rating and issued a GBX 888 ($11.23) price objective on shares of Shaftesbury plc in a report on Thursday, January 19th. BNP Paribas reiterated an “underperform” rating and issued a GBX 870 ($11.01) price objective on shares of Shaftesbury plc in a report on Wednesday, January 25th. Finally, Liberum Capital upgraded Shaftesbury plc to a “buy” rating and set a GBX 1,000 ($12.65) price objective on the stock in a report on Friday, February 3rd. Five analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 918.54 ($11.62).
Shaftesbury plc (LON:SHB) traded up 1.30% during trading on Friday, hitting GBX 977.50. 1,156,495 shares of the stock were exchanged. Shaftesbury plc has a 52 week low of GBX 650.00 and a 52 week high of GBX 1,008.00. The firm has a 50-day moving average of GBX 958.18 and a 200-day moving average of GBX 921.72. The stock’s market capitalization is GBX 2.73 billion.
The business also recently disclosed a dividend, which will be paid on Friday, July 7th. Stockholders of record on Thursday, June 15th will be paid a GBX 7.90 ($0.10) dividend. This is a boost from Shaftesbury plc’s previous dividend of $7.55. This represents a dividend yield of 0.82%. The ex-dividend date is Thursday, June 15th.
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In related news, insider Hilary S. Riva acquired 1,669 shares of Shaftesbury plc stock in a transaction dated Wednesday, March 29th. The shares were acquired at an average cost of GBX 906 ($11.46) per share, for a total transaction of £15,121.14 ($19,128.58).
About Shaftesbury plc
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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