Shaftesbury (LON:SHB) Given “Hold” Rating at Peel Hunt

Peel Hunt restated their hold rating on shares of Shaftesbury (LON:SHB) in a research report report published on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other research analysts have also issued reports on SHB. Liberum Capital lowered their target price on Shaftesbury from GBX 1,000 ($13.15) to GBX 980 ($12.89) and set a hold rating on the stock in a report on Monday, January 27th. Barclays lowered Shaftesbury to an underweight rating and lowered their target price for the stock from GBX 800 ($10.52) to GBX 740 ($9.73) in a report on Tuesday, December 10th. UBS Group reaffirmed a neutral rating on shares of Shaftesbury in a report on Monday, February 3rd. Jefferies Financial Group lowered Shaftesbury to an underperform rating in a report on Wednesday, November 27th. Finally, Numis Securities reaffirmed a hold rating on shares of Shaftesbury in a report on Wednesday, February 5th. Four analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of GBX 847.17 ($11.14).

LON:SHB opened at GBX 923 ($12.14) on Tuesday. The business’s 50-day moving average price is GBX 913.43 and its 200 day moving average price is GBX 892.30. The firm has a market cap of $2.84 billion and a P/E ratio of 108.59. Shaftesbury has a 52-week low of GBX 734 ($9.66) and a 52-week high of GBX 992.50 ($13.06). The company has a quick ratio of 1.86, a current ratio of 2.03 and a debt-to-equity ratio of 31.58.

The business also recently declared a dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 16th were paid a GBX 9 ($0.12) dividend. The ex-dividend date was Thursday, January 16th. This represents a yield of 0.99%. This is a boost from Shaftesbury’s previous dividend of $8.70. Shaftesbury’s dividend payout ratio (DPR) is currently 2.12%.

About Shaftesbury

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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