Shaftesbury (SHB) Receives “Hold” Rating from Numis Securities

Numis Securities reissued their hold rating on shares of Shaftesbury (LON:SHB) in a research report released on Thursday, May 16th, ThisIsMoney.Co.Uk reports.

Several other research firms also recently weighed in on SHB. Morgan Stanley raised their price target on shares of Shaftesbury from GBX 880 ($11.50) to GBX 900 ($11.76) and gave the stock an underweight rating in a research note on Thursday, March 14th. Liberum Capital reiterated a hold rating on shares of Shaftesbury in a research report on Tuesday, March 12th. Peel Hunt reiterated a reduce rating on shares of Shaftesbury in a research report on Friday, February 8th. UBS Group reiterated a neutral rating and set a GBX 960 ($12.54) price target (down from GBX 1,000 ($13.07)) on shares of Shaftesbury in a research report on Monday, February 11th. Finally, Barclays dropped their price target on shares of Shaftesbury from GBX 940 ($12.28) to GBX 910 ($11.89) and set an equal weight rating for the company in a research report on Friday, February 15th. Four analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Shaftesbury has a consensus rating of Hold and a consensus price target of GBX 892.11 ($11.66).

Shares of LON:SHB traded down GBX 5.50 ($0.07) during midday trading on Thursday, hitting GBX 827 ($10.81). The company’s stock had a trading volume of 252,642 shares, compared to its average volume of 486,936. The company has a current ratio of 3.16, a quick ratio of 2.96 and a debt-to-equity ratio of 31.16. The company has a market cap of $2.54 billion and a P/E ratio of 28.13. Shaftesbury has a 12-month low of GBX 808.50 ($10.56) and a 12-month high of GBX 976.50 ($12.76).

The company also recently declared a dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, June 13th will be paid a GBX 8.70 ($0.11) dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a yield of 1.03%. This is an increase from Shaftesbury’s previous dividend of $8.50. Shaftesbury’s payout ratio is currently 0.58%.

In other news, insider Christopher P. A. Ward purchased 2,043 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average price of GBX 876 ($11.45) per share, for a total transaction of £17,896.68 ($23,385.18).

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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