Shaftesbury (LON:SHB) was downgraded by research analysts at JPMorgan Chase & Co. to a “neutral” rating in a research note issued to investors on Monday. They presently have a GBX 1,150 ($15.60) price target on the real estate investment trust’s stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 12.52% from the company’s previous close.
Other equities analysts have also issued reports about the company. Liberum Capital reaffirmed a “hold” rating and set a GBX 1,025 ($13.90) price target on shares of Shaftesbury in a research note on Tuesday, November 28th. Numis Securities reaffirmed a “hold” rating and set a GBX 974 ($13.21) price target on shares of Shaftesbury in a research note on Thursday, October 19th. Jefferies Group reaffirmed a “hold” rating and set a GBX 1,003 ($13.60) price target on shares of Shaftesbury in a research note on Wednesday, November 29th. Finally, Canaccord Genuity increased their price target on Shaftesbury from GBX 925 ($12.54) to GBX 965 ($13.09) and gave the company a “hold” rating in a research note on Friday, December 22nd. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 987.60 ($13.39).
Shares of Shaftesbury (SHB) opened at GBX 1,022 ($13.86) on Monday. Shaftesbury has a 1 year low of GBX 863.50 ($11.71) and a 1 year high of GBX 1,055 ($14.31). The company has a market capitalization of $3,140.00 and a P/E ratio of 946.30.
In related news, insider Jill C. Little acquired 2,997 shares of Shaftesbury stock in a transaction dated Thursday, December 7th. The stock was acquired at an average cost of GBX 993 ($13.47) per share, with a total value of £29,760.21 ($40,358.30). Also, insider Jonathan Nicholls acquired 20,000 shares of Shaftesbury stock in a transaction dated Tuesday, January 2nd. The shares were bought at an average cost of GBX 1,036 ($14.05) per share, with a total value of £207,200 ($280,987.25).
ILLEGAL ACTIVITY NOTICE: “JPMorgan Chase & Co. Downgrades Shaftesbury (SHB) to Neutral” was originally published by Ticker Report and is owned by of Ticker Report. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/3142527/jpmorgan-chase-co-downgrades-shaftesbury-shb-to-neutral.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.