JPMorgan Chase & Co. Begins Coverage on Hansteen Holdings plc (HSTN)
Equities research analysts at JPMorgan Chase & Co. assumed coverage on shares of Hansteen Holdings plc (LON:HSTN) in a research note issued on Thursday. The brokerage set a “neutral” rating and a GBX 125 ($1.55) price target on the real estate investment trust’s stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 12.11% from the stock’s previous close.
Several other equities research analysts have also recently issued reports on the company. Peel Hunt lifted their target price on Hansteen Holdings plc from GBX 120 ($1.49) to GBX 125 ($1.55) and gave the stock a “buy” rating in a report on Tuesday, August 23rd. Liberum Capital reduced their target price on Hansteen Holdings plc from GBX 125 ($1.55) to GBX 120 ($1.49) and set a “buy” rating on the stock in a report on Monday, July 4th. Jefferies Group reduced their target price on Hansteen Holdings plc from GBX 110 ($1.36) to GBX 105 ($1.30) and set a “hold” rating on the stock in a report on Friday, August 19th. Finally, Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 119 ($1.47) target price on shares of Hansteen Holdings plc in a report on Thursday, September 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 119.80 ($1.48).
Shares of Hansteen Holdings plc (LON:HSTN) opened at 111.70 on Thursday. The stock’s market capitalization is GBX 830.82 million. Hansteen Holdings plc has a one year low of GBX 94.50 and a one year high of GBX 125.50. The company’s 50-day moving average price is GBX 115.57 and its 200 day moving average price is GBX 107.64.
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The business also recently declared a dividend, which will be paid on Friday, November 18th. Investors of record on Thursday, October 20th will be given a GBX 2.20 ($0.03) dividend. The ex-dividend date is Thursday, October 20th. This represents a yield of 1.9%.
About Hansteen Holdings plc
Hansteen Holdings PLC is a real estate investment trust (REIT). The Company’s principal activities consist of property investment, development, management and associated business, focusing on industrial property investments in Continental Europe and the United Kingdom. The Company’s segments are its geographical locations, which include Belgium, France, Germany, Netherlands and the United Kingdom.
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