Morgan Stanley Upgrades Hammerson to “Equal Weight” (HMSO)
Hammerson (LON:HMSO) was upgraded by research analysts at Morgan Stanley to an “equal weight” rating in a report released on Thursday, StockRatingsNetwork reports.
Hammerson (LON:HMSO) traded down 0.09% during mid-day trading on Thursday, hitting GBX 531.00. 2,130,310 shares of the company’s stock traded hands. 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 503.3 and its 200-day moving average is GBX 510.5. The company’s market cap is £3.780 billion.
HMSO has been the subject of a number of other recent research reports. Analysts at Liberum Capital raised their price target on shares of Hammerson from GBX 605 ($9.93) to GBX 617 ($10.13) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at HSBC reiterated an “overweight” rating on shares of Hammerson in a research note to investors on Tuesday. They now have a GBX 600 ($9.85) price target on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. Hammerson has a consensus rating of “Hold” and an average price target of GBX 543.41 ($8.92).
Hammerson plc is a real estate investment trust (LON:HMSO).
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