Shaftesbury plc (SHB) Receives Consensus Rating of “Hold” from Brokerages

Shaftesbury plc (LON:SHB) has been given an average recommendation of “Hold” by the eleven brokerages that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 912.44 ($11.92).

A number of equities research analysts have weighed in on the company. Peel Hunt restated a “reduce” rating on shares of Shaftesbury in a research report on Tuesday, November 27th. Numis Securities restated a “hold” rating and set a GBX 1,028 ($13.43) price target on shares of Shaftesbury in a research report on Tuesday, November 27th. Liberum Capital restated a “hold” rating on shares of Shaftesbury in a research report on Tuesday, November 27th. UBS Group restated a “neutral” rating on shares of Shaftesbury in a research report on Friday, November 23rd. Finally, Morgan Stanley lowered their price target on Shaftesbury from GBX 920 ($12.02) to GBX 880 ($11.50) and set an “underweight” rating on the stock in a research report on Thursday, November 29th.

In related news, insider Christopher P. A. Ward sold 2,386 shares of the firm’s stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of GBX 840 ($10.98), for a total value of £20,042.40 ($26,188.95). Also, insider Brian Bickell sold 20,016 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of GBX 870 ($11.37), for a total value of £174,139.20 ($227,543.71).

Shares of LON:SHB traded down GBX 1.50 ($0.02) during trading on Wednesday, hitting GBX 865 ($11.30). 471,431 shares of the company were exchanged, compared to its average volume of 486,936. Shaftesbury has a 52-week low of GBX 894.50 ($11.69) and a 52-week high of GBX 1,055 ($13.79).

Shaftesbury (LON:SHB) last posted its earnings results on Tuesday, November 27th. The real estate investment trust reported GBX 17.10 ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of GBX 17.60 ($0.23) by GBX (0.50) (($0.01)).

The firm also recently announced a dividend, which will be paid on Friday, February 15th. Investors of record on Thursday, January 17th will be paid a GBX 8.50 ($0.11) dividend. The ex-dividend date is Thursday, January 17th. This is a boost from Shaftesbury’s previous dividend of $8.30. This represents a dividend yield of 0.92%.

About Shaftesbury

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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