Peel Hunt restated their reduce rating on shares of Shaftesbury (LON:SHB) in a research report report published on Friday morning.
Several other research analysts have also recently issued reports on SHB. Citigroup cut shares of Shaftesbury to a neutral rating and cut their target price for the stock from GBX 1,229 ($16.06) to GBX 872 ($11.39) in a report on Friday, January 25th. Goldman Sachs Group cut their price target on shares of Shaftesbury from GBX 806 ($10.53) to GBX 748 ($9.77) and set a sell rating on the stock in a report on Friday, January 25th. Liberum Capital reiterated a hold rating on shares of Shaftesbury in a report on Wednesday, December 5th. Morgan Stanley cut their price target on shares of Shaftesbury from GBX 920 ($12.02) to GBX 880 ($11.50) and set an underweight rating on the stock in a report on Thursday, November 29th. Finally, Numis Securities reiterated a hold rating and issued a GBX 1,028 ($13.43) price target on shares of Shaftesbury in a report on Tuesday, November 27th. Four investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Shaftesbury has a consensus rating of Hold and an average target price of GBX 936.09 ($12.23).
Shares of Shaftesbury stock traded down GBX 12 ($0.16) on Friday, hitting GBX 871 ($11.38). The stock had a trading volume of 189,925 shares, compared to its average volume of 486,936. Shaftesbury has a one year low of GBX 894.50 ($11.69) and a one year high of GBX 1,055 ($13.79).
Shaftesbury (LON:SHB) last issued 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 business also recently declared a dividend, which will be paid on Friday, February 15th. Investors of record on Thursday, January 17th will be issued a GBX 8.50 ($0.11) dividend. The ex-dividend date is Thursday, January 17th. This represents a yield of 0.92%. This is a boost from Shaftesbury’s previous dividend of $8.30.
In other Shaftesbury news, insider Christopher P. A. Ward sold 2,386 shares of the firm’s stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of GBX 840 ($10.98), for a total transaction of £20,042.40 ($26,188.95). Also, insider Brian Bickell sold 20,016 shares of the firm’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of GBX 870 ($11.37), for a total value of £174,139.20 ($227,543.71).
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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