Shares of Shaftesbury plc (LON:SHB) have received a consensus rating of “Hold” from the twelve analysts that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 927.58 ($12.11).
SHB has been the subject of a number of analyst reports. Goldman Sachs Group, Inc. (The) lowered Shaftesbury plc to a “sell” rating and set a GBX 883 ($11.53) price target for the company. in a research report on Thursday, June 15th. Citigroup Inc. upgraded Shaftesbury plc to a “buy” rating and set a GBX 1,121 ($14.64) price objective on the stock in a report on Friday, May 12th. Liberum Capital reiterated a “buy” rating and issued a GBX 1,000 ($13.06) price objective on shares of Shaftesbury plc in a report on Tuesday, May 23rd. Jefferies Group LLC upped their price objective on Shaftesbury plc from GBX 888 ($11.60) to GBX 940 ($12.27) and gave the company a “hold” rating in a report on Wednesday, April 26th. Finally, J P Morgan Chase & Co upped their price objective on Shaftesbury plc from GBX 1,050 ($13.71) to GBX 1,100 ($14.36) and gave the company an “overweight” rating in a report on Wednesday, May 24th.
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Shares of Shaftesbury plc (LON SHB) opened at 988.50 on Friday. The company’s market capitalization is GBX 2.76 billion. Shaftesbury plc has a 1-year low of GBX 855.00 and a 1-year high of GBX 1,008.00. The stock has a 50 day moving average price of GBX 967.97 and a 200 day moving average price of GBX 926.47.
The firm also recently announced a dividend, which was paid on Friday, July 7th. Investors of record on Thursday, June 15th were issued a GBX 7.90 ($0.10) dividend. This represents a yield of 0.82%. The ex-dividend date of this dividend was Thursday, June 15th. This is a positive change from Shaftesbury plc’s previous dividend of $7.55.
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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