Richard Akers Buys 3,000 Shares of Shaftesbury plc (SHB) Stock

Shaftesbury plc (LON:SHB) insider Richard Akers purchased 3,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of GBX 949 ($13.11) per share, with a total value of £28,470 ($39,334.07).

Shares of Shaftesbury plc (LON:SHB) opened at GBX 963.50 ($13.31) on Thursday. The stock has a market capitalization of $2,980.00 and a price-to-earnings ratio of 892.13. Shaftesbury plc has a 52 week low of GBX 889.50 ($12.29) and a 52 week high of GBX 1,055 ($14.58).

Shaftesbury (LON:SHB) last posted its quarterly earnings data on Tuesday, November 28th. The real estate investment trust reported GBX 16.20 ($0.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 16.30 ($0.23) by GBX (0.10) ($0.00). The business had revenue of £111.50 million for the quarter. Shaftesbury had a net margin of 351.94% and a return on equity of 15.53%.

The firm also recently disclosed a dividend, which will be paid on Friday, February 16th. Investors of record on Thursday, January 18th will be paid a dividend of GBX 8.10 ($0.11) per share. This is a positive change from Shaftesbury’s previous dividend of $7.90. The ex-dividend date of this dividend is Thursday, January 18th. This represents a yield of 0.82%.

SHB has been the subject of a number of analyst reports. Liberum Capital reaffirmed a “hold” rating and issued a GBX 1,075 ($14.85) price target on shares of Shaftesbury in a report on Wednesday, December 20th. Numis Securities reaffirmed a “hold” rating and issued a GBX 1,019 ($14.08) price target on shares of Shaftesbury in a report on Tuesday, November 28th. Jefferies Group reaffirmed a “hold” rating and issued a GBX 1,003 ($13.86) price target on shares of Shaftesbury in a report on Wednesday, November 29th. Canaccord Genuity raised their price target on Shaftesbury from GBX 925 ($12.78) to GBX 965 ($13.33) and gave the stock a “hold” rating in a report on Friday, December 22nd. Finally, JPMorgan Chase & Co. lowered Shaftesbury to a “neutral” rating and set a GBX 1,150 ($15.89) price target for the company. in a report on Monday, January 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 1,017 ($14.05).

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Shaftesbury 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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