Shaftesbury (SHB) Stock Rating Reaffirmed by Liberum Capital

Liberum Capital reissued their hold rating on shares of Shaftesbury (LON:SHB) in a research report report published on Monday morning. The firm currently has a GBX 1,075 ($14.58) target price on the real estate investment trust’s stock.

Several other equities analysts have also commented on SHB. Numis Securities reiterated a hold rating and issued a GBX 974 ($13.21) target price on shares of Shaftesbury in a research note on Monday, September 25th. Goldman Sachs Group reiterated a sell rating and issued a GBX 883 ($11.97) target price on shares of Shaftesbury in a research note on Wednesday, September 27th. Peel Hunt upped their target price on Shaftesbury from GBX 875 ($11.87) to GBX 970 ($13.15) and gave the company a reduce rating in a research note on Tuesday, November 28th. Jefferies Group reiterated a hold rating and issued a GBX 1,003 ($13.60) target price on shares of Shaftesbury in a research note on Wednesday, November 29th. Finally, JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 1,100 ($14.92) target price on shares of Shaftesbury in a research note on Wednesday, November 29th. Four analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of GBX 987.60 ($13.39).

Shaftesbury (LON SHB) opened at GBX 1,026 ($13.91) on Monday. The company has a market capitalization of $3,170.00 and a price-to-earnings ratio of 950.00. Shaftesbury has a 12 month low of GBX 863.50 ($11.71) and a 12 month high of GBX 1,055 ($14.31).

Shaftesbury (LON:SHB) last released its earnings results on Tuesday, November 28th. The real estate investment trust reported GBX 16.20 ($0.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 16.30 ($0.22) by GBX (0.10) ($0.00). The business had revenue of £111.50 million during the quarter. Shaftesbury had a net margin of 351.94% and a return on equity of 15.53%.

The company also recently declared a dividend, which will be paid on Friday, February 16th. Shareholders of record on Thursday, January 18th will be given a dividend of GBX 8.10 ($0.11) per share. This represents a yield of 0.82%. The ex-dividend date is Thursday, January 18th. This is an increase from Shaftesbury’s previous dividend of $7.90.

In other Shaftesbury news, insider Simon J. Quayle sold 18,430 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of GBX 1,000 ($13.56), for a total transaction of £184,300 ($249,932.19). Also, insider Jonathan Nicholls purchased 20,000 shares of the stock in a transaction on Tuesday, January 2nd. The shares were purchased at an average cost of GBX 1,036 ($14.05) per share, with a total value of £207,200 ($280,987.25).

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About Shaftesbury

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.

Analyst Recommendations for Shaftesbury (LON:SHB)

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