Barclays PLC Reaffirms Equal weight Rating for Hammerson plc (HMSO)
Hammerson plc (LON:HMSO)‘s stock had its “equal weight” rating reissued by analysts at Barclays PLC in a research report issued on Tuesday. They presently have a GBX 590 ($7.46) target price on the real estate investment trust’s stock. Barclays PLC’s target price indicates a potential downside of 1.99% from the company’s previous close.
Several other equities research analysts have also recently weighed in on HMSO. HSBC Holdings plc restated a “buy” rating and set a GBX 658 ($8.32) target price on shares of Hammerson plc in a research note on Wednesday, February 15th. Liberum Capital restated a “hold” rating and set a GBX 570 ($7.21) target price on shares of Hammerson plc in a research note on Monday, February 20th. Peel Hunt restated a “hold” rating and set a GBX 550 ($6.96) target price on shares of Hammerson plc in a research note on Monday, February 20th. Numis Securities Ltd restated a “reduce” rating and set a GBX 504 ($6.38) target price on shares of Hammerson plc in a research note on Monday, February 20th. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a GBX 725 ($9.17) target price on shares of Hammerson plc in a research note on Tuesday, February 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. Hammerson plc currently has an average rating of “Hold” and a consensus target price of GBX 594.21 ($7.52).
Shares of Hammerson plc (LON HMSO) traded up 0.8375% during trading on Tuesday, reaching GBX 601.4509. The company’s stock had a trading volume of 4,951,670 shares. Hammerson plc has a 52-week low of GBX 400.00 and a 52-week high of GBX 614.50. The firm’s 50-day moving average is GBX 588.65 and its 200 day moving average is GBX 572.93. The company’s market cap is GBX 4.77 billion.
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In other Hammerson plc news, insider Timon Drakesmith sold 101,005 shares of the stock in a transaction dated Friday, May 19th. The stock was sold at an average price of GBX 578 ($7.31), for a total transaction of £583,808.90 ($738,531.18). Also, insider Jean-Philippe Mouton sold 11,894 shares of the stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of GBX 584 ($7.39), for a total value of £69,460.96 ($87,869.65). Insiders sold 172,690 shares of company stock valued at $99,945,975 over the last 90 days.
About Hammerson plc
Hammerson plc is a real estate investment trust (REIT). The Company is an owner, manager and developer of retail destinations in Europe. The Company’s segments include United Kingdom, France and Ireland. The Company’s portfolio includes investments in approximately 20 prime shopping centers in the United Kingdom, France and Ireland, over 20 convenient retail parks in the United Kingdom and approximately 20 premium outlets across Europe.
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