Hammerson plc (HMSO) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Hammerson plc (LON:HMSO) have been given a consensus recommendation of “Hold” by the fourteen ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 601.08 ($7.93).
A number of analysts have issued reports on HMSO shares. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 725 ($9.56) price target on shares of Hammerson plc in a research note on Tuesday, April 11th. Barclays PLC reissued an “equal weight” rating and issued a GBX 590 ($7.78) price target on shares of Hammerson plc in a research note on Tuesday, June 13th. HSBC Holdings plc raised their price target on Hammerson plc from GBX 658 ($8.68) to GBX 668 ($8.81) and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Liberum Capital reissued a “hold” rating and issued a GBX 600 ($7.91) price target on shares of Hammerson plc in a research note on Wednesday, July 26th. Finally, Beaufort Securities reissued a “hold” rating on shares of Hammerson plc in a research note on Thursday, July 27th.
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In other news, insider Timon Drakesmith sold 101,005 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of GBX 578 ($7.62), for a total value of £583,808.90 ($770,094.84). Also, insider Jean-Philippe Mouton sold 11,894 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of GBX 584 ($7.70), for a total value of £69,460.96 ($91,625.06). Over the last 90 days, insiders sold 172,690 shares of company stock worth $99,945,975.
Hammerson plc (LON HMSO) traded up 0.17% on Friday, hitting GBX 577.50. The stock had a trading volume of 1,326,805 shares. The stock’s market cap is GBX 4.58 billion. Hammerson plc has a one year low of GBX 527.50 and a one year high of GBX 614.50. The stock’s 50 day moving average is GBX 583.25 and its 200 day moving average is GBX 578.82.
The company also recently disclosed a dividend, which will be paid on Monday, October 9th. Stockholders of record on Thursday, August 31st will be issued a GBX 10.70 ($0.14) dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a dividend yield of 1.84%.
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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