HSBC Downgrades Hammerson plc to Neutral (HMSO)
Hammerson plc (LON:HMSO) was downgraded by analysts at HSBC to a “neutral” rating in a research report issued to clients and investors on Thursday, Analyst Ratings Net reports. They currently have a GBX 630 ($10.58) target price on the stock, up from their previous target price of GBX 600 ($10.08). HSBC’s target price would suggest a potential upside of 9.00% from the stock’s previous close.
A number of other firms have also recently commented on HMSO. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Hammerson plc in a research note on Wednesday. They now have a GBX 570 ($9.57) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Hammerson plc in a research note on Wednesday. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Hammerson plc in a research note on Tuesday. They now have a GBX 619 ($10.40) price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 575.23 ($9.66).
Hammerson plc (LON:HMSO) traded up 0.78% on Thursday, hitting GBX 578.00. 2,560,167 shares of the company’s stock traded hands. Hammerson plc has a 1-year low of GBX 463.30 and a 1-year high of GBX 587.00. The stock’s 50-day moving average is GBX 561.7 and its 200-day moving average is GBX 531.8. The company’s market cap is £4.115 billion.
Hammerson plc is a real estate investment trust (LON:HMSO).
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