Hammerson plc’s (HMSO) Buy Rating Reaffirmed at Deutsche Bank AG
Hammerson plc (LON:HMSO)‘s stock had its “buy” rating reissued by equities researchers at Deutsche Bank AG in a research note issued to investors on Tuesday. They presently have a GBX 665 ($8.68) price target on the real estate investment trust’s stock. Deutsche Bank AG’s price objective suggests a potential upside of 19.18% from the company’s previous close.
Several other equities research analysts have also recently weighed in on the stock. Numis Securities Ltd reduced their target price on shares of Hammerson plc from GBX 600 ($7.83) to GBX 574 ($7.49) and set a “hold” rating for the company in a research note on Tuesday, August 16th. Peel Hunt reiterated a “hold” rating and issued a GBX 550 ($7.18) target price on shares of Hammerson plc in a research note on Friday, August 19th. BNP Paribas reiterated a “neutral” rating and issued a GBX 530 ($6.92) target price on shares of Hammerson plc in a research note on Thursday, September 1st. JPMorgan Chase & Co. increased their target price on shares of Hammerson plc from GBX 730 ($9.53) to GBX 750 ($9.79) and gave the company an “overweight” rating in a research note on Tuesday, September 6th. Finally, Liberum Capital reiterated a “hold” rating and issued a GBX 550 ($7.18) target price on shares of Hammerson plc in a research note on Thursday, September 22nd. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of GBX 626.56 ($8.18).
Shares of Hammerson plc (LON:HMSO) traded down 1.6740% during trading on Tuesday, reaching GBX 560.7145. The company had a trading volume of 4,992,704 shares. Hammerson plc has a 12-month low of GBX 400.00 and a 12-month high of GBX 650.50. The firm has a 50-day moving average of GBX 579.22 and a 200-day moving average of GBX 566.96. The company’s market cap is GBX 4440.24 billion.
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The firm also recently announced a dividend, which will be paid on Monday, October 10th. Shareholders of record on Thursday, August 25th will be issued a dividend of GBX 10.10 ($0.13) per share. This represents a yield of 1.84%. The ex-dividend date is Thursday, August 25th.
In other Hammerson plc news, insider Drakesmith,Timon bought 275 shares of the stock in a transaction on Thursday, August 4th. The stock was purchased at an average price of GBX 545 ($7.11) per share, with a total value of £1,498.75 ($1,956.34). Also, insider Bouchut,Pierre purchased 20,000 shares of Hammerson plc stock in a transaction dated Friday, July 29th. The shares were purchased at an average cost of GBX 554 ($7.23) per share, for a total transaction of £110,800 ($144,628.64).
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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