Hammerson (LON:HMSO)‘s stock had its “underperform” rating reaffirmed by investment analysts at Jefferies Group in a research report issued to clients and investors on Thursday. They presently have a GBX 440 ($5.97) price target on the real estate investment trust’s stock. Jefferies Group’s price target suggests a potential downside of 12.11% from the stock’s current price.
Several other equities analysts have also issued reports on HMSO. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 725 ($9.83) price target on shares of Hammerson in a research note on Tuesday, October 24th. Liberum Capital reaffirmed a “hold” rating and set a GBX 610 ($8.27) price target on shares of Hammerson in a research note on Monday, January 8th. Peel Hunt reaffirmed a “hold” rating and set a GBX 525 ($7.12) price target (down previously from GBX 550 ($7.46)) on shares of Hammerson in a research note on Wednesday. Goldman Sachs Group reiterated a “neutral” rating and issued a GBX 600 ($8.14) price objective on shares of Hammerson in a report on Wednesday, September 27th. Finally, Deutsche Bank reiterated a “buy” rating and issued a GBX 650 ($8.81) price objective on shares of Hammerson in a report on Monday, October 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 595.25 ($8.07).
Shares of Hammerson (LON:HMSO) traded down GBX 8.60 ($0.12) on Thursday, hitting GBX 500.60 ($6.79). The stock had a trading volume of 6,634,298 shares, compared to its average volume of 4,660,000. Hammerson has a twelve month low of GBX 493.10 ($6.69) and a twelve month high of £523.38 ($709.76). The firm has a market capitalization of $3,940.00 and a price-to-earnings ratio of 893.93.
Hammerson 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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