Numis Securities Reiterates “Hold” Rating for Shaftesbury (SHB)

Shaftesbury (LON:SHB)‘s stock had its “hold” rating reaffirmed by Numis Securities in a research note issued on Wednesday. They currently have a GBX 1,019 ($13.71) price objective on the real estate investment trust’s stock. Numis Securities’ price objective suggests a potential upside of 1.29% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. Peel Hunt reissued a “reduce” rating and set a GBX 970 ($13.06) target price on shares of Shaftesbury in a research report on Tuesday. J P Morgan Chase & Co boosted their target price on shares of Shaftesbury from GBX 1,100 ($14.80) to GBX 1,150 ($15.48) and gave the stock an “overweight” rating in a research report on Tuesday. Jefferies Group reissued a “hold” rating and set a GBX 1,003 ($13.50) target price on shares of Shaftesbury in a research report on Wednesday, November 29th. Liberum Capital reissued a “hold” rating and set a GBX 1,025 ($13.80) target price on shares of Shaftesbury in a research report on Tuesday, November 28th. Finally, Goldman Sachs Group reaffirmed a “sell” rating and set a GBX 883 ($11.88) price objective on shares of Shaftesbury in a research report on Wednesday, September 27th. Four analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 972.10 ($13.08).

Shaftesbury (SHB) opened at GBX 1,006 ($13.54) on Wednesday. Shaftesbury has a 52-week low of GBX 861 ($11.59) and a 52-week high of GBX 1,036 ($13.94).

Shaftesbury (LON:SHB) last released its earnings results on Tuesday, November 28th. The real estate investment trust reported GBX 16.20 ($0.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of GBX 16.30 ($0.22) by GBX (0.10) ($0.00). The firm had revenue of £111.50 million for the quarter. Shaftesbury had a return on equity of 8.41% and a net margin of 186.52%.

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Shaftesbury Company Profile

Shaftesbury PLC is a real estate investment trust. The Company’s objective is to deliver long-term growth in rental income, capital values and shareholder returns. It focuses on retails, restaurants, cafes and leisure. It has approximately 590 shops, restaurants, cafes and bars. Its upper floors consist of over 406,000 square feet of office space and over 560 apartments.

Analyst Recommendations for Shaftesbury (LON:SHB)

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