Shaftesbury (LON:SHB) Rating Reaffirmed
In recent note revealed to clients and investors on Wednesday, 16 December, The Overweight rating of Shaftesbury (LON:SHB) shares was reconfirmed by J.P. Morgan, who now has a GBX 1080 TP on the stock. J.P. Morgan’s TP implies a possible upside of 18.23% from the price per share 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 7.02% above today’s (GBX 914) stock price. Shaftesbury was the topic of 39 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on December 16 with “Overweight” rating. Peel Hunt maintained shares with “Hold” rating and GBX 900 target share price in a report from a November 24. Kempen & Co upgraded SHB stock in a recent report from December 8 to “Neutral” rating. Canaccord Genuity maintained the rating on November 24. Canaccord Genuity has a “Hold” rating and a GBX 934 price target on shares. Finally, BNP Paribas maintained the stock with “Underperform” rating in a report issued on a November 25.
Approximately 87,443 shares of stock traded hands. Shaftesbury plc (LON:SHB) has risen 0.22% since May 19, 2015 and is uptrending. It has outperformed by 2.85% the S&P500.
Shaftesbury PLC is a United Kingdom real estate investment trust . The company has a market cap of 2.50 billion GBP. The Firm owns a real estate portfolio extending to around 14 acres in London’s West End. It has 5.46 P/E ratio. The Company’s holdings are in Carnaby, Covent Garden, Chinatown, Soho and Charlotte Street, the United Kingdom.