Shaftesbury (LON:SHB) Stock Upgrade
The stock rating of Shaftesbury (LON:SHB) shares was upgraded by stock research analysts at Kempen & Co to a respectable Neutral. They currently have a target price of GBX 925 on SHB. Kempen & Co’s target price would now indicate a possible downside of 0.00% from the last price of the company.
From a total of 17 analysts covering Shaftesbury (LON:SHB) stock, 4 rate it a ”Buy”, 2 a “Sell”, and 11 a ”Hold”. This means that 24% of the ratings are positive. The highest target price is GBX 1169 while the lowest target price is GBX 855. The mean of all analyst targets is GBX 980.71 with a 6.54% above today’s (GBX 919.5) stock price. Shaftesbury was the topic of 36 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Liberum Capital maintained shares on December 1 with “Buy” rating. Peel Hunt maintained shares with “Hold” rating and GBX 900 target share price in a report from a November 24. JP Morgan maintained SHB stock in a recent report from November 25 with “Overweight” rating. Canaccord Genuity maintained the rating on November 24. Canaccord Genuity has a “Hold” rating and a GBX 934 price target on shares. Finally, UBS maintained the stock with “Neutral” rating in a report issued on a November 24.
Approximately 65,733 shares of stock traded hands. Shaftesbury plc (LON:SHB) has risen 9.51% since May 11, 2015 and is uptrending. It has outperformed by 10.11% the S&P500.
Shaftesbury PLC is a United Kingdom real estate investment trust . The company has a market cap of 2.56 billion GBP. The Firm owns a real estate portfolio extending to around 14 acres in London’s West End. It has 5.49 P/E ratio. The Company’s holdings are in Carnaby, Covent Garden, Chinatown, Soho and Charlotte Street, the United Kingdom.