Peel Hunt Reiterates “Reduce” Rating for Shaftesbury (SHB)

Shaftesbury (LON:SHB)‘s stock had its “reduce” rating restated by stock analysts at Peel Hunt in a report issued on Friday.

Other equities analysts have also issued research reports about the company. Credit Suisse Group raised Shaftesbury to a “neutral” rating and boosted their price objective for the stock from GBX 860 ($11.20) to GBX 1,015 ($13.22) in a research note on Wednesday, June 6th. JPMorgan Chase & Co. raised Shaftesbury to an “overweight” rating in a research note on Tuesday, June 5th. Liberum Capital reissued a “hold” rating on shares of Shaftesbury in a research note on Friday, July 20th. Finally, UBS Group reissued a “neutral” rating and issued a GBX 1,000 ($13.03) price objective (down previously from GBX 1,040 ($13.55)) on shares of Shaftesbury in a research note on Wednesday, September 5th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 993.73 ($12.94).

Shares of LON:SHB opened at GBX 906 ($11.80) on Friday. Shaftesbury has a fifty-two week low of GBX 894.50 ($11.65) and a fifty-two week high of GBX 1,055 ($13.74).

In other news, insider Richard Akers purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, July 17th. The shares were acquired at an average price of GBX 923 ($12.02) per share, with a total value of £18,460 ($24,045.85).

Shaftesbury Company Profile

Shaftesbury is a Real Estate Investment Trust, which invests exclusively in the liveliest parts of London's West End. Our objective is to deliver long-term growth in rental income, capital values and shareholder returns. Focussed on restaurants, leisure and retail, our exceptional portfolio now extends to 14.9 acres, clustered mainly in Carnaby, Seven Dials and Chinatown, with 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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