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Home / Support and Resistance / Shaftesbury PLC (SHB.L) 23-01-20

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

Shaftesbury PLC (SHB.L) 23-01-20

Will Shaftesbury PLC (SHB.L) shares break below the 914p support zone, or will it return to highs of 979p (+6%)?

 

  • Currently trading around the 914p support at 917.5p (at time of writing).
  • The support has proven robust to date. Will the pattern repeat?
  • The price has tested this level repeatedly. Traders should be mindful of stop-loss placement.
  • Will the share price bounce once again to recent highs of 979p? (+6%).
  • Technical traders should be mindful of news and developments. Check our website and the press for updates.
  • Shares -6% from 12-month highs; +24% from 12 month lows.

Latest News

06 Jan:  UBS reiterates its neutral rating on Shaftesbury (SHB) and increased the target price to 915p (from 860p).

18 Dec:  Shaftesbury, the London property company,  announced that it had arrived at an agreement to let property in Carnaby to Equinox, the American fitness brand .

10 Dec:  Goldman Sachs reiterates its sell rating on Shaftesbury (SHB) and increased the target price to 885p (from 735p).

10 Dec:  Barclays Capital has downgraded its rating on Shaftesbury (SHB) to underweight (from equal weight) and cut the target price to 740p  (from 800p).

02 Dec:  Liberum Capital reiterates its hold rating on Shaftesbury (SHB) and cut the target price to 1000p (from 1025p).

27 Nov:  Jefferies International has downgraded its rating on Shaftesbury (SHB) to underperform (from hold).

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

 

Click to enlarge

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