Hammerson Receives Overweight Rating from HSBC (HMSO)
Hammerson (LON:HMSO)‘s stock had its “overweight” rating reaffirmed by equities researchers at HSBC in a research report issued on Tuesday, Analyst Ratings News reports. They currently have a GBX 600 ($9.85) target price on the stock. HSBC’s price target suggests a potential upside of 15.50% from the company’s current price.
Hammerson (LON:HMSO) opened at 524.50 on Tuesday. Hammerson has a 52 week low of GBX 463.30 and a 52 week high of GBX 556.50. The stock has a 50-day moving average of GBX 501.1 and a 200-day moving average of GBX 510.2. The company’s market cap is £3.733 billion.
A number of other analysts have also recently weighed in on HMSO. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Hammerson in a research note to investors on Monday. They now have a GBX 570 ($9.36) price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Hammerson from GBX 519 ($8.52) to GBX 540 ($8.86) in a research note to investors on Wednesday, January 15th. They now have a “hold” rating on the stock. Finally, analysts at Galvan Research reiterated a “buy” rating on shares of Hammerson in a research note to investors on Monday, January 13th. They now have a GBX 540 ($8.86) price target on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 542.44 ($8.90).
Hammerson plc is a real estate investment trust (LON:HMSO).
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