Credit Suisse Group Reaffirms Outperform Rating for Hammerson plc (HMSO)
Hammerson plc (LON:HMSO)‘s stock had its “outperform” rating restated by stock analysts at Credit Suisse Group in a report issued on Thursday. They currently have a GBX 605 ($7.88) price target on the real estate investment trust’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 4.04% from the stock’s current price.
Several other research analysts have also recently issued reports on the stock. Liberum Capital reissued a “hold” rating and set a GBX 600 ($7.82) target price on shares of Hammerson plc in a report on Wednesday. Numis Securities Ltd reissued a “reduce” rating and set a GBX 511 ($6.66) target price on shares of Hammerson plc in a report on Wednesday. Peel Hunt reissued a “hold” rating and set a GBX 550 ($7.17) target price on shares of Hammerson plc in a report on Wednesday. Beaufort Securities reissued a “hold” rating on shares of Hammerson plc in a report on Thursday. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a GBX 615 ($8.01) target price on shares of Hammerson plc in a report on Tuesday, April 18th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 598.77 ($7.80).
Shares of Hammerson plc (LON HMSO) opened at 582.00 on Thursday. Hammerson plc has a 52 week low of GBX 529.00 and a 52 week high of GBX 614.50. The stock’s market capitalization is GBX 4.61 billion. The firm’s 50-day moving average is GBX 585.00 and its 200-day moving average is GBX 578.54.
In related news, 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 ($7.61), for a total transaction of £69,460.96 ($90,491.09). Also, 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 ($7.53), for a total transaction of £583,808.90 ($760,563.97). Insiders have sold 172,690 shares of company stock worth $99,945,975 over the last 90 days.
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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