Peel Hunt reaffirmed their reduce rating on shares of Shaftesbury (LON:SHB) in a research note published on Tuesday, ThisIsMoney.Co.Uk reports.
Other equities analysts have also issued research reports about the company. Barclays lowered their price objective on Shaftesbury from GBX 940 ($12.28) to GBX 910 ($11.89) and set an equal weight rating on the stock in a research note on Friday, February 15th. Liberum Capital reissued a hold rating on shares of Shaftesbury in a research note on Tuesday, March 12th. Citigroup lowered Shaftesbury to a neutral rating and lowered their price objective for the stock from GBX 1,229 ($16.06) to GBX 872 ($11.39) in a research note on Friday, January 25th. JPMorgan Chase & Co. lowered Shaftesbury to a neutral rating and lowered their price objective for the stock from GBX 1,150 ($15.03) to GBX 950 ($12.41) in a research note on Monday, January 21st. Finally, UBS Group reissued a neutral rating and set a GBX 960 ($12.54) price objective (down previously from GBX 1,000 ($13.07)) on shares of Shaftesbury in a research note on Monday, February 11th. Four investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of GBX 907.33 ($11.86).
LON SHB opened at GBX 853 ($11.15) on Tuesday. The firm has a market cap of $2.63 billion and a price-to-earnings ratio of 14.71. The company has a current ratio of 3.65, a quick ratio of 3.43 and a debt-to-equity ratio of 31.28. Shaftesbury has a fifty-two week low of GBX 812 ($10.61) and a fifty-two week high of GBX 1,006 ($13.15).
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.
See Also: Retained Earnings
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