Peel Hunt reissued their hold rating on shares of Shaftesbury (LON:SHB) in a research report sent to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.
A number of other equities analysts have also recently issued reports on the company. Morgan Stanley cut their price target on Shaftesbury from GBX 900 ($11.76) to GBX 750 ($9.80) and set an underweight rating on the stock in a report on Monday, September 2nd. Liberum Capital restated a hold rating on shares of Shaftesbury in a report on Wednesday, June 5th. UBS Group restated a neutral rating and set a GBX 815 ($10.65) price target (down from GBX 960 ($12.54)) on shares of Shaftesbury in a report on Friday, August 9th. Goldman Sachs Group restated a sell rating on shares of Shaftesbury in a report on Thursday, August 8th. Finally, Numis Securities restated a hold rating and set a GBX 909 ($11.88) price target on shares of Shaftesbury in a report on Thursday, June 6th. Three analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 859.33 ($11.23).
LON:SHB opened at GBX 893 ($11.67) on Tuesday. The company has a market capitalization of $2.75 billion and a PE ratio of 30.37. The company has a 50 day simple moving average of GBX 812.11 and a two-hundred day simple moving average of GBX 840.34. The company has a debt-to-equity ratio of 31.16, a quick ratio of 2.96 and a current ratio of 3.16. Shaftesbury has a fifty-two week low of GBX 734 ($9.59) and a fifty-two week high of GBX 935.50 ($12.22).
In related news, insider Richard Akers acquired 2,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were acquired at an average cost of GBX 810 ($10.58) per share, for a total transaction of £16,200 ($21,168.17).
Shaftesbury Company Profile
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.
Further Reading: Quick Ratio
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