Shaftesbury plc (LON:SHB) had its price target decreased by Goldman Sachs Group, Inc. (The) from GBX 970 ($12.27) to GBX 950 ($12.02) in a research report issued on Friday, May 12th. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Goldman Sachs Group, Inc. (The)’s target price suggests a potential downside of 2.81% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. Liberum Capital raised Shaftesbury plc to a “buy” rating and set a GBX 1,000 ($12.65) price target on the stock in a research report on Friday, February 3rd. Citigroup Inc. raised Shaftesbury plc to a “buy” rating and set a GBX 1,121 ($14.18) price target on the stock in a research report on Friday, May 12th. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 870 ($11.01) price target on shares of Shaftesbury plc in a research report on Friday, January 13th. Jefferies Group LLC increased their price target on Shaftesbury plc from GBX 888 ($11.23) to GBX 940 ($11.89) and gave the company a “hold” rating in a research report on Wednesday, April 26th. Finally, Numis Securities Ltd increased 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. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 918.54 ($11.62).
Shaftesbury plc (LON SHB) traded up 1.30% during mid-day trading on Friday, hitting GBX 977.50. The company had a trading volume of 1,156,495 shares. Shaftesbury plc has a 52-week low of GBX 650.00 and a 52-week high of GBX 1,008.00. The company has a 50-day moving average price of GBX 958.18 and a 200 day moving average price of GBX 921.72. The company’s market capitalization is GBX 2.73 billion.
The firm also recently announced a dividend, which will be paid on Friday, July 7th. Stockholders of record on Thursday, June 15th will be given a dividend of GBX 7.90 ($0.10) per share. This represents a dividend yield of 0.82%. The ex-dividend date is Thursday, June 15th. This is a positive change from Shaftesbury plc’s previous dividend of $7.55.
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In other Shaftesbury plc news, insider Hilary S. Riva bought 1,669 shares of the business’s stock in a transaction dated Wednesday, March 29th. The shares were acquired at an average price of GBX 906 ($11.46) per share, with a total value of £15,121.14 ($19,128.58).
Shaftesbury plc Company Profile
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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