Shaftesbury (LON:SHB) Receives “Neutral” Rating from UBS Group

UBS Group reissued their neutral rating on shares of Shaftesbury (LON:SHB) in a research report sent to investors on Friday morning, ThisIsMoney.Co.Uk reports. They currently have a GBX 815 ($10.65) target price on the real estate investment trust’s stock, down from their prior target price of GBX 960 ($12.54).

A number of other research analysts have also recently issued reports on SHB. Goldman Sachs Group reissued a sell rating on shares of Shaftesbury in a research note on Thursday, August 8th. Numis Securities reissued a hold rating and issued a GBX 909 ($11.88) target price on shares of Shaftesbury in a research note on Thursday, June 6th. Liberum Capital reissued a hold rating on shares of Shaftesbury in a research note on Wednesday, June 5th. Finally, Peel Hunt reissued a hold rating on shares of Shaftesbury in a research note on Friday. Three equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 876 ($11.45).

LON:SHB opened at GBX 740 ($9.67) on Friday. Shaftesbury has a 1 year low of GBX 742 ($9.70) and a 1 year high of GBX 935.50 ($12.22). The company has a current ratio of 3.16, a quick ratio of 2.96 and a debt-to-equity ratio of 31.16. The firm has a market capitalization of $2.27 billion and a PE ratio of 25.17. The firm has a 50-day simple moving average of GBX 799.01.

In other Shaftesbury news, insider Richard Akers bought 2,000 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The stock was purchased at an average cost of GBX 810 ($10.58) per share, with a total value of £16,200 ($21,168.17).

Shaftesbury Company Profile

Shaftesbury is a Real Estate Investment Trust which owns a portfolio extending to 15 acres in the heart of London's West End. Shaftesbury focuses on retail, restaurants and leisure in highly popular, sought-after and prosperous locations mainly concentrated in Carnaby, Seven Dials and Chinatown but also include substantial ownership in East and West Covent Garden, Soho and Fitzrovia.

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Analyst Recommendations for Shaftesbury (LON:SHB)

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