Jefferies Group Reiterates “Hold” Rating for Hammerson (HMSO)
Hammerson (LON:HMSO)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Group in a note issued to investors on Friday, AnalystRatings.Net reports. They currently have a GBX 540 ($8.86) price objective on the stock. Jefferies Group’s price objective would indicate a potential upside of 3.45% from the stock’s previous close.
Hammerson (LON:HMSO) traded down 1.69% on Friday, hitting GBX 522.00. 2,609,837 shares of the company’s stock traded hands. Hammerson has a 52-week low of GBX 463.30 and a 52-week high of GBX 556.50. The stock’s 50-day moving average is GBX 503.9 and its 200-day moving average is GBX 510.6. The company’s market cap is £3.716 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley upgraded shares of Hammerson to an “equal weight” rating in a research note to investors on Thursday. Separately, 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. Finally, 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. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 543.41 ($8.92).
Hammerson plc is a real estate investment trust (LON:HMSO).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.