Shaftesbury (LON:SHB) Receives Hold Rating from Peel Hunt

Peel Hunt reaffirmed their hold rating on shares of Shaftesbury (LON:SHB) in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.

Several other equities analysts also recently weighed in on the stock. Goldman Sachs Group raised shares of to a buy rating and set a GBX 1,180 ($15.42) price target on the stock in a report on Tuesday, June 4th. Liberum Capital reissued a buy rating on shares of Aquis Exchange in a report on Wednesday, June 5th. UBS Group downgraded shares of CR AGRICOLE S A/ADR from a buy rating to a neutral rating in a report on Monday, May 20th. Numis Securities boosted their target price on shares of from GBX 532 ($6.95) to GBX 705 ($9.21) and gave the stock a buy rating in a report on Thursday, June 6th. Finally, Morgan Stanley boosted their target price on shares of TELUS from C$53.00 to C$55.00 in a report on Thursday, March 14th. Three research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock has an average rating of Hold and a consensus price target of GBX 892.11 ($11.66).

Shares of SHB opened at GBX 812.50 ($10.62) on Tuesday. The company has a quick ratio of 2.96, a current ratio of 3.16 and a debt-to-equity ratio of 31.16. The firm has a market cap of $2.50 billion and a P/E ratio of 27.64. The stock has a 50 day simple moving average of GBX 818.92. Shaftesbury has a one year low of GBX 798 ($10.43) and a one year high of GBX 937 ($12.24).

The business also recently announced a dividend, which was paid on Friday, July 5th. Stockholders of record on Thursday, June 13th were paid a dividend of GBX 8.70 ($0.11) per share. This is a positive change from Shaftesbury’s previous dividend of $8.50. This represents a dividend yield of 1.03%. The ex-dividend date was Thursday, June 13th. Shaftesbury’s payout ratio is currently 0.58%.

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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