Hammerson Receives overweight Rating from JPMorgan Chase & Co. (HMSO)
Hammerson (LON:HMSO)‘s stock had its “overweight” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report issued on Friday, AnalystRatingsNetwork.com reports. They currently have a GBX 570 ($8.91) price objective on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 14.11% from the stock’s previous close.
Hammerson (LON:HMSO) opened at 498.60 on Friday. The stock’s 50-day moving average is GBX 504. and its 200-day moving average is GBX 510.4. The company’s market cap is £3.549 billion.
A number of other analysts have also recently weighed in on HMSO. Analysts at Numis Securities Ltd cut their price target on shares of Hammerson (LON:HMSO) from GBX 525 ($8.21) to GBX 520 ($8.13) in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Hammerson (LON:HMSO) from GBX 550 ($8.60) to GBX 450 ($7.04) in a research note to investors on Tuesday, September 3rd. They now have a “hold” rating on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of Hammerson (LON:HMSO) in a research note to investors on Friday, August 30th. They now have a GBX 580 ($9.07) price target on the stock.
Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. Hammerson presently has a consensus rating of “Hold” and an average price target of GBX 545.24 ($8.52).
Hammerson plc is a real estate investment trust (LON:HMSO).
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