Shaftesbury (LON:SHB) Receives ‘Neutral’ Rating from Brokers at Credit Suisse

by Jonathan Adams

Shaftesbury (LON:SHB) yesterday was the subject of a new research report issued by Credit Suisse in which it was reiterated as ‘Neutral’ by analysts at the firm.

Credit Suisse noted a target price of 810 on Shaftesbury’s shares. According to this price target, it now means the analyst believes there is a potential decrease of -1.46% from the company’s current share price of 822.

Today there are 278,500,000 shares in issue of Shaftesbury which are currently trading at 822 which brings the business’s market capitalisation to 2.29B GBP.

The 50 day moving average of Shaftesbury (LON:SHB) is 924.38 whilst its 200 day moving average is 893.61. The highest share price LON:SHB shares have reached in the prior twelve months is 975.5 with the lowest being 650.

This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

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