Shaftesbury (LON:SHB) Given “Neutral” Rating at UBS Group

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Shaftesbury (LON:SHB)‘s stock had its “neutral” rating reiterated by UBS Group in a research note issued to investors on Friday, August 9th, ThisIsMoney.Co.Uk reports. They currently have a GBX 815 ($10.65) price objective on the real estate investment trust’s stock, down from their prior price objective of GBX 960 ($12.54). UBS Group’s price objective would indicate a potential upside of 8.42% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Liberum Capital reaffirmed a “hold” rating on shares of Shaftesbury in a research note on Wednesday, June 5th. Goldman Sachs Group reissued a “sell” rating on shares of Shaftesbury in a research note on Thursday, August 8th. Numis Securities reissued a “hold” rating and issued a GBX 909 ($11.88) price objective on shares of Shaftesbury in a research note on Thursday, June 6th. Finally, Peel Hunt reissued a “hold” rating on shares of Shaftesbury in a research note on Friday, August 9th. Three analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 876 ($11.45).

SHB opened at GBX 751.68 ($9.82) on Friday. The stock has a market cap of $2.31 billion and a price-to-earnings ratio of 25.57. The stock’s 50 day moving average price is GBX 794.79 and its 200-day moving average price is GBX 844. Shaftesbury has a one year low of GBX 734 ($9.59) and a one year high of GBX 935.50 ($12.22). The company has a debt-to-equity ratio of 31.16, a quick ratio of 2.96 and a current ratio of 3.16.

In other news, insider Richard Akers acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were bought at an average price of GBX 810 ($10.58) per share, with a total value of £16,200 ($21,168.17).

Shaftesbury Company Profile

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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