J P Morgan Chase & Co Raises Hansteen Holdings plc (HSTN) Price Target to GBX 134
Hansteen Holdings plc (LON:HSTN) had its price objective increased by investment analysts at J P Morgan Chase & Co from GBX 125 ($1.69) to GBX 134 ($1.81) in a report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has an “underweight” rating on the real estate investment trust’s stock. J P Morgan Chase & Co’s target price would indicate a potential downside of 1.33% from the company’s previous close.
A number of other equities research analysts have also weighed in on HSTN. Peel Hunt restated a “buy” rating and issued a GBX 135 ($1.82) target price on shares of Hansteen Holdings plc in a report on Wednesday, August 23rd. Liberum Capital restated a “buy” rating and issued a GBX 135 ($1.82) target price on shares of Hansteen Holdings plc in a report on Tuesday, August 29th. Finally, Numis Securities Ltd upgraded shares of Hansteen Holdings plc to an “add” rating and upped their target price for the stock from GBX 135 ($1.82) to GBX 143 ($1.93) in a report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Hansteen Holdings plc currently has a consensus rating of “Hold” and an average price target of GBX 135.40 ($1.83).
Hansteen Holdings plc (HSTN) traded up 1.04% during mid-day trading on Thursday, hitting GBX 135.80. The company had a trading volume of 1,312,437 shares. The firm’s market capitalization is GBX 1.01 billion. The company’s 50 day moving average price is GBX 130.17 and its 200-day moving average price is GBX 125.79. Hansteen Holdings plc has a 12-month low of GBX 104.00 and a 12-month high of GBX 138.60.
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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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