Shaftesbury (LON:SHB) had its target price raised by analysts at JPMorgan Chase & Co. from GBX 1,100 ($14.71) to GBX 1,150 ($15.38) in a report released on Tuesday, December 5th. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 10.15% from the stock’s previous close.
Other analysts have also issued research reports about the stock. Numis Securities reiterated a “hold” rating and issued a GBX 974 ($13.02) price objective on shares of Shaftesbury in a research note on Wednesday, October 4th. Liberum Capital restated a “hold” rating and set a GBX 1,025 ($13.71) price target on shares of Shaftesbury in a research note on Monday, September 25th. Jefferies Group restated a “hold” rating and set a GBX 1,003 ($13.41) price target on shares of Shaftesbury in a research note on Wednesday, November 29th. Peel Hunt lifted their price objective on shares of Shaftesbury from GBX 875 ($11.70) to GBX 970 ($12.97) and gave the stock a “reduce” rating in a report on Tuesday, November 28th. Finally, Goldman Sachs Group reaffirmed a “sell” rating and set a GBX 883 ($11.81) price objective on shares of Shaftesbury in a report on Wednesday, September 27th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Shaftesbury has an average rating of “Hold” and an average price target of GBX 987.60 ($13.20).
Shaftesbury (SHB) traded up GBX 17 ($0.23) during mid-day trading on Tuesday, reaching GBX 1,044 ($13.96). 432,465 shares of the company’s stock traded hands, compared to its average volume of 558,526. Shaftesbury has a 52-week low of GBX 863.50 ($11.55) and a 52-week high of GBX 1,045 ($13.97). The company has a market cap of $3,210.00 and a price-to-earnings ratio of 966.67.
In other news, insider Jill C. Little bought 2,997 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was acquired at an average price of GBX 993 ($13.28) per share, with a total value of £29,760.21 ($39,791.70). Also, insider Simon J. Quayle sold 18,430 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of GBX 1,000 ($13.37), for a total value of £184,300 ($246,423.32).
WARNING: This piece of content was originally published by Week Herald and is the property of of Week Herald. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this piece of content can be viewed at https://weekherald.com/2017/12/30/j-p-morgan-chase-co-increases-shaftesbury-shb-price-target-to-gbx-1150.html.
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.
Receive News & Ratings for Shaftesbury Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shaftesbury and related companies with MarketBeat.com's FREE daily email newsletter.