Deutsche Bank Reiterates Hold Rating for Hammerson (HMSO)
Hammerson (LON:HMSO)‘s stock had its “hold” rating restated by investment analysts at Deutsche Bank in a note issued to investors on Wednesday, AR Network reports. They currently have a GBX 450 ($7.41) price target on the stock. Deutsche Bank’s price target would indicate a potential downside of 15.01% from the stock’s previous close.
A number of other firms have also recently commented on HMSO. Analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Hammerson in a research note to investors on Monday. They now have a GBX 569 ($9.38) price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Hammerson in a research note to investors on Friday, January 24th. They now have a GBX 540 ($8.90) price target on the stock. Finally, analysts at Morgan Stanley upgraded shares of Hammerson to an “equal weight” rating in a research note to investors on Thursday, January 23rd. Two 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 stock currently has a consensus rating of “Hold” and an average target price of GBX 551.34 ($9.08).
Shares of Hammerson (LON:HMSO) traded up 0.19% on Wednesday, hitting GBX 531.00. 2,102,507 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 has a 50-day moving average of GBX 505.8 and a 200-day moving average of GBX 510.2. The company’s market cap is £3.780 billion.
Hammerson plc is a real estate investment trust (LON:HMSO).
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