Credit Suisse Group Reaffirms “Outperform” Rating for Hammerson plc (HMSO)
Hammerson plc (LON:HMSO)‘s stock had its “outperform” rating reissued by Credit Suisse Group in a research report issued to clients and investors on Friday.
Other equities analysts have also recently issued reports about the company. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a GBX 615 ($8.03) price target on shares of Hammerson plc in a report on Tuesday, April 18th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 725 ($9.47) price target on shares of Hammerson plc in a report on Wednesday, July 5th. Liberum Capital reissued a “hold” rating and issued a GBX 600 ($7.83) price target on shares of Hammerson plc in a report on Tuesday, June 27th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 630 ($8.23) price target on shares of Hammerson plc in a report on Thursday, July 6th. Finally, Jefferies Group LLC reissued an “underperform” rating and issued a GBX 473 ($6.18) price target on shares of Hammerson plc in a report on Wednesday, April 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 597.67 ($7.80).
Shares of Hammerson plc (LON:HMSO) opened at 595.50 on Friday. The firm has a 50-day moving average price of GBX 585.08 and a 200 day moving average price of GBX 578.03. The stock’s market capitalization is GBX 4.72 billion. Hammerson plc has a one year low of GBX 529.00 and a one year high of GBX 614.50.
In other Hammerson plc news, insider Timon Drakesmith sold 101,005 shares of the business’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of GBX 578 ($7.55), for a total transaction of £583,808.90 ($762,351.66). Also, insider Jean-Philippe Mouton sold 11,894 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of GBX 584 ($7.63), for a total value of £69,460.96 ($90,703.79). In the last ninety days, insiders sold 172,690 shares of company stock valued at $99,945,975.
Hammerson plc Company Profile
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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