The Shaftesbury plc’s (SHB) “Underperform” Rating Reaffirmed at BNP Paribas

The Shaftesbury plc’s (SHB) “Underperform” Rating Reaffirmed at BNP Paribas

BNP Paribas reiterated their underperform rating on shares of Shaftesbury plc (LON:SHB) in a report issued on Tuesday morning. The brokerage currently has a GBX 850 ($10.52) target price on the real estate investment trust’s stock.

Several other equities research analysts have also recently weighed in on SHB. Credit Suisse Group AG cut Shaftesbury plc to a neutral rating and boosted their price objective for the stock from GBX 945 ($11.70) to GBX 965 ($11.94) in a research note on Friday, June 17th. Liberum Capital reissued a buy rating and set a GBX 1,040 ($12.87) price objective on shares of Shaftesbury plc in a research note on Friday, June 17th. Goldman Sachs Group Inc. boosted their price objective on Shaftesbury plc from GBX 1,026 ($12.70) to GBX 1,061 ($13.13) and gave the stock a neutral rating in a research note on Wednesday, June 29th. Barclays PLC reduced their price objective on Shaftesbury plc from GBX 940 ($11.63) to GBX 870 ($10.77) and set an equal weight rating on the stock in a research note on Thursday, July 7th. Finally, Citigroup Inc. cut Shaftesbury plc to a neutral rating and set a GBX 976 ($12.08) price objective on the stock. in a research note on Monday, July 18th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. Shaftesbury plc currently has a consensus rating of Hold and an average target price of GBX 933.93 ($11.56).

Shaftesbury plc (LON:SHB) opened at 927.00 on Tuesday. The stock’s 50 day moving average price is GBX 965.39 and its 200-day moving average price is GBX 925.44. Shaftesbury plc has a 12 month low of GBX 650.00 and a 12 month high of GBX 1,008.00. The stock’s market cap is GBX 2.58 billion.

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