Shaftesbury (LON:SHB) Given “Underweight” Rating at Barclays

Barclays reissued their underweight rating on shares of Shaftesbury (LON:SHBGet Rating) in a report issued on Wednesday, reports. The brokerage currently has a GBX 560 ($7.30) price objective on the real estate investment trust’s stock.

Separately, Berenberg Bank reaffirmed a buy rating and set a GBX 725 ($9.45) price target on shares of Shaftesbury in a research report on Monday, February 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average target price of GBX 635 ($8.27).

Shares of LON:SHB opened at GBX 595 ($7.75) on Wednesday. The company has a current ratio of 8.09, a quick ratio of 7.30 and a debt-to-equity ratio of 40.14. The company has a 50-day moving average price of GBX 591.57 and a 200-day moving average price of GBX 610.69. The company has a market cap of £2.29 billion and a price-to-earnings ratio of -11.37. Shaftesbury has a 12 month low of GBX 528 ($6.88) and a 12 month high of GBX 668.50 ($8.71).

Shaftesbury Company Profile (Get Rating)

Shaftesbury is a Real Estate Investment Trust which invests exclusively in the liveliest parts of London's West End. Focused on food, beverage, retail and leisure, our portfolio is clustered mainly in Carnaby, Seven Dials and Chinatown, but also includes substantial ownerships in East and West Covent Garden, Soho and Fitzrovia.

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Analyst Recommendations for Shaftesbury (LON:SHB)

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