Hammerson Given New GBX 540 Price Target at Jefferies Group (HMSO)
Investment analysts at Jefferies Group raised their target price on shares of Hammerson (LON:HMSO) from GBX 519 ($8.55) to GBX 540 ($8.90) in a note issued to investors on Wednesday, AmericanBankingNews.com reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price points to a potential upside of 7.25% from the company’s current price.
Hammerson (LON:HMSO) traded down 0.49% during mid-day trading on Wednesday, hitting GBX 503.50. The stock had a trading volume of 1,661,630 shares. Hammerson has a one year low of GBX 463.30 and a one year high of GBX 556.50. The stock’s 50-day moving average is GBX 501.1 and its 200-day moving average is GBX 509.9. The company’s market cap is £3.584 billion.
A number of other firms have also recently commented on HMSO. Analysts at Galvan Research reiterated a “buy” rating on shares of Hammerson in a research note to investors on Monday. They now have a GBX 540 ($8.90) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Hammerson in a research note to investors on Thursday, January 9th. They now have a GBX 605 ($9.97) price target on the stock. Finally, analysts at Kempen & Co reiterated an “overweight” rating on shares of Hammerson in a research note to investors on Wednesday, January 8th. They now have a GBX 570 ($9.39) price target on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 538.61 ($8.88).
Hammerson plc is a real estate investment trust (LON:HMSO).
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