Hammerson plc (HMSO) Earns Hold Rating from Liberum Capital
Hammerson plc (LON:HMSO)‘s stock had its “hold” rating reissued by analysts at Liberum Capital in a research note issued on Thursday. They presently have a GBX 550 ($7.18) target price on the real estate investment trust’s stock. Liberum Capital’s target price suggests a potential downside of 3.34% from the stock’s current price.
Several other research analysts have also recently weighed in on the stock. BNP Paribas reissued a “neutral” rating and issued a GBX 530 ($6.92) price target on shares of Hammerson plc in a report on Sunday, July 10th. JPMorgan Chase & Co. increased their price target on shares of Hammerson plc from GBX 730 ($9.53) to GBX 750 ($9.79) and gave the company an “overweight” rating in a report on Tuesday, September 6th. Deutsche Bank AG lowered their price target on shares of Hammerson plc from GBX 775 ($10.12) to GBX 725 ($9.46) and set a “buy” rating on the stock in a report on Friday, June 24th. Credit Suisse Group AG lowered their price target on shares of Hammerson plc from GBX 610 ($7.96) to GBX 495 ($6.46) and set an “outperform” rating on the stock in a report on Tuesday, June 28th. Finally, Jefferies Group raised shares of Hammerson plc to a “hold” rating and set a GBX 473 ($6.17) price target on the stock in a report on Tuesday, July 26th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Hammerson plc currently has a consensus rating of “Buy” and a consensus target price of GBX 624.33 ($8.15).
Hammerson plc (LON:HMSO) opened at 581.50 on Thursday. Hammerson plc has a 1-year low of GBX 400.00 and a 1-year high of GBX 650.50. The stock has a 50 day moving average of GBX 572.01 and a 200-day moving average of GBX 565.29. The company’s market cap is GBX 4.57 billion.
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The company also recently declared a dividend, which will be paid on Monday, October 10th. Investors of record on Thursday, August 25th will be given a dividend of GBX 10.10 ($0.13) per share. The ex-dividend date of this dividend is Thursday, August 25th. This represents a dividend yield of 1.84%.
In other news, insider Bouchut,Pierre purchased 20,000 shares of Hammerson plc stock in a transaction that occurred on Friday, July 29th. The shares were acquired at an average price of GBX 554 ($7.23) per share, for a total transaction of £110,800 ($144,628.64). Also, insider Duddy,Terry purchased 28,000 shares of Hammerson plc stock in a transaction that occurred on Thursday, July 28th. The shares were purchased at an average price of GBX 554 ($7.23) per share, for a total transaction of £155,120 ($202,480.09).
Hammerson plc Company Profile
Hammerson plc is a United Kingdom-based real estate investment trust (REIT). The Company is an owner, manager and developer of retail destinations in Europe. The Company’s segments are United Kingdom (UK) and France. The Company’s properties include shopping centers, convenient retail parks and premium outlet villages.
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