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Shaftesbury plc 8.5% Potential Decrease Indicated by HSBC

Shaftesbury plc with EPIC/TICKER (LON:SHB) has had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘REDUCE’ this morning by analysts at HSBC. Shaftesbury plc are listed in the Financials sector within UK Main Market. HSBC have set their target price at 789 GBX on its stock. This now indicates the analyst believes there is a potential downside of -8.5% from today’s opening price of 862.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 46.5 points and decreased 42.5 points respectively. The 1 year high share price is 1055 GBX while the 52 week low for the stock is 850.5 GBX.

Shaftesbury plc has a 50 day moving average of 904.49 GBX and the 200 Day Moving Average price is recorded at 938.81. There are currently 307,380,700 shares in issue with the average daily volume traded being 474,934. Market capitalisation for LON:SHB is £2,645,010,063 GBP.