Shaftesbury (LON:SHB) target price raised to 930.00GBX, issued a report today by HSBC
- Updated: October 1, 2016
Yesterday Shaftesbury (LON:SHB) traded 0.00% even at 966.25GBX. The company’s 50-day moving average is 961.82GBX and its 200-day moving average is 921.81GBX. The last closing price is up 5.23% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 646,870 shares of the stock were exchanged, up from an average trading volume of 573,624
Shaftesbury (LON:SHB) had its target price raised to 930.00GBX by HSBC in a report released Friday September 30, 2016. The new target price indicates a possible downside of -0.04% based on the company's last closing price.
Previously on 9/29/2016, Liberum Capital reported on Shaftesbury (LON:SHB) held steady the target price at 1,000.00GBX. At the time, this indicated a possible upside of 0%.
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Shaftesbury has a price-earnings ratio of 7.38 with a one year low of 650.00GBX and a one year high of 995.50GBX The company’s market cap is currently 0 GBX.
In addition to HSBC reporting its price target, a total of 16 analysts have released a report on Shaftesbury. The 12-month price target is 935.13GBX with three analysts rating the company a strong buy, two analysts rating the company a buy, ten analysts rating the company a hold, two analysts rating the company a underperform, and lastly zero analysts rating the company a sell.
More About Shaftesbury (LON:SHB)
Shaftesbury PLC is a United Kingdom-based real estate investment trust (REIT). The Company owns a real estate portfolio extending to around 14 acres in London's West End. The Company's holdings are in Carnaby, Covent Garden, Chinatown, Soho and Charlotte Street, the United Kingdom. The Company's objective is to deliver long-term outperformance in growth in rental income, capital values and shareholder returns. The Company focuses on retail, restaurants and leisure in parts of the West End. Its portfolio consists of around 583 shops, restaurants, cafes and pubs, extending to approximately one million square feet. It also includes 422,000 square feet of offices and around 509 apartments for rent. In addition, the Company has interests in the Longmartin joint venture with The Mercers' Company. The Company's subsidiaries include Shaftesbury Carnaby Limited, Shaftesbury Chinatown Limited, Shaftesbury Charlotte Street Limited, Shaftesbury Soho Limited and others.
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