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

Peel Hunt reiterated their hold rating on shares of Shaftesbury (LON:SHB) in a report issued on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other analysts have also recently commented on the company. Barclays cut Shaftesbury to an underweight rating and cut their target price for the stock from GBX 800 ($10.52) to GBX 740 ($9.73) in a research report on Tuesday, December 10th. Goldman Sachs Group cut their target price on Shaftesbury from GBX 885 ($11.64) to GBX 789 ($10.38) and set a sell rating on the stock in a research report on Friday, January 17th. Jefferies Financial Group cut Shaftesbury to an underperform rating in a research report on Wednesday, November 27th. UBS Group reiterated a neutral rating on shares of Shaftesbury in a research report on Monday, February 3rd. Finally, Numis Securities reiterated a hold rating on shares of Shaftesbury in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 847.17 ($11.14).

SHB opened at GBX 909.50 ($11.96) on Tuesday. The business’s 50-day simple moving average is GBX 913.37 and its 200-day simple moving average is GBX 891.75. The company has a debt-to-equity ratio of 31.58, a quick ratio of 1.86 and a current ratio of 2.03. Shaftesbury has a one year low of GBX 734 ($9.66) and a one year high of GBX 992.50 ($13.06). The stock has a market capitalization of $2.80 billion and a P/E ratio of 107.00.

The company also recently announced a dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be given a dividend of GBX 9 ($0.12) per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a dividend yield of 0.99%. This is a boost from Shaftesbury’s previous dividend of $8.70. Shaftesbury’s payout ratio is 2.12%.

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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