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Home / Stocks and Markets at Lows / Shaftesbury PLC (SHB.L) 06-04-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Shaftesbury PLC (SHB.L) 06-04-20

Shares in Shaftesbury PLC (SHB.L) have fallen dramatically from recent highs of 979.5p. Will it continue, or is this an opportunity to pick up a bargain?

  • Now trading at 579.88p (at time of writing). A return to previous highs would represent a rise of 68%.
  • This stock is one of the most significant fallers in the period.
  • Is the trend your friend, or is a bounce imminent?
  • The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
  • Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
  • Shares -40% from 12-month highs; +-1% from 12 month lows.

Latest News

01 Apr:  JP Morgan Cazenove reiterates its neutral rating on Shaftesbury (SHB) and reduced the target price to 900p (from 950p).

25 Mar:  Liberum Capital has upgraded its rating on Shaftesbury (SHB) to buy (from hold) and reduced the target price to 900p (from 980p).

24 Mar:  Shaftesbury, the London real estate investor, announced it would not pay an interim dividend as it cautioned that annual profits were likely to be well below previous expectations.

11 Mar:  Morgan Stanley reiterates its underweight rating on Shaftesbury (SHB) and increased the target price to 770p (from 750p).

02 Mar:  Jonathan Nicholls, Chairman, bought 15,000 shares within the firm on the 28th February 2020 at a price of 797.15p. This Director currently has 45,000 shares.

27 Jan:  Liberum Capital reiterates its hold rating on Shaftesbury (SHB) and reduced the target price to 980p (from 1000p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

Click to enlarge

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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