Shaftesbury plc (LON:SHB) Receives Average Recommendation of “Hold” from Brokerages

Shares of Shaftesbury plc (LON:SHB) have earned an average rating of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is GBX 877.63 ($11.54).

A number of equities research analysts have issued reports on the company. UBS Group reaffirmed a “neutral” rating and issued a GBX 915 ($12.04) price target (up previously from GBX 860 ($11.31)) on shares of Shaftesbury in a research report on Monday. Liberum Capital cut their target price on shares of Shaftesbury from GBX 1,025 ($13.48) to GBX 1,000 ($13.15) and set a “hold” rating on the stock in a research note on Monday, December 2nd. Barclays cut shares of Shaftesbury to an “underweight” rating and reduced their target price for the company from GBX 800 ($10.52) to GBX 740 ($9.73) in a report on Tuesday, December 10th. Peel Hunt reiterated a “hold” rating on shares of Shaftesbury in a research note on Tuesday. Finally, Jefferies Financial Group cut shares of Shaftesbury to an “underperform” rating in a report on Wednesday, November 27th.

SHB opened at GBX 912.68 ($12.01) on Friday. The firm has a 50-day moving average of GBX 931.74 and a 200 day moving average of GBX 875.45. 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 fifty-two week low of GBX 734 ($9.66) and a fifty-two week high of GBX 992.50 ($13.06). The firm has a market cap of $2.81 billion and a P/E ratio of 107.37.

The firm also recently disclosed a dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be issued a GBX 9 ($0.12) dividend. The ex-dividend date is Thursday, January 16th. This represents a dividend yield of 0.99%. This is an increase from Shaftesbury’s previous dividend of $8.70. Shaftesbury’s dividend payout ratio is presently 2.12%.

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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