Jefferies Financial Group cut shares of Shaftesbury (LON:SHB) to an underperform rating in a research note issued to investors on Wednesday, Stock Target Advisor reports.
Other equities analysts also recently issued research reports about the company. UBS Group reiterated a neutral rating on shares of Shaftesbury in a report on Wednesday. Morgan Stanley dropped their target price 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. Goldman Sachs Group reiterated a sell rating on shares of Shaftesbury in a report on Thursday, August 8th. Liberum Capital reiterated a hold rating on shares of Shaftesbury in a report on Tuesday. Finally, Peel Hunt reiterated a hold rating on shares of Shaftesbury in a report on Tuesday. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of GBX 864.33 ($11.29).
Shares of SHB opened at GBX 921 ($12.03) on Wednesday. The company has a market capitalization of $2.83 billion and a price-to-earnings ratio of 31.33. Shaftesbury has a fifty-two week low of GBX 734 ($9.59) and a fifty-two week high of GBX 992.50 ($12.97). The company has a debt-to-equity ratio of 31.16, a current ratio of 3.16 and a quick ratio of 2.96. The business’s 50-day moving average is GBX 935.80 and its 200-day moving average is GBX 856.65.
The business also recently declared a dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be issued a dividend of GBX 9 ($0.12) per share. This represents a yield of 0.99%. The ex-dividend date is Thursday, January 16th. This is an increase from Shaftesbury’s previous dividend of $8.70. Shaftesbury’s dividend payout ratio (DPR) is 0.58%.
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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