Hansteen (HSTN) Rating Reiterated by Jefferies Group

Hansteen (LON:HSTN)‘s stock had its “hold” rating restated by equities researchers at Jefferies Group in a research report issued on Thursday. They currently have a GBX 130 ($1.76) target price on the real estate investment trust’s stock. Jefferies Group’s price target indicates a potential downside of 6.81% from the company’s previous close.

HSTN has been the subject of a number of other reports. Peel Hunt cut Hansteen to an “add” rating and raised their price objective for the company from GBX 135 ($1.83) to GBX 138 ($1.87) in a research report on Thursday, November 9th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 135 ($1.83) price objective on shares of Hansteen in a research report on Wednesday, October 4th. JPMorgan Chase & Co. raised their price objective on Hansteen from GBX 125 ($1.70) to GBX 134 ($1.82) and gave the company an “underweight” rating in a research report on Thursday, September 21st. Finally, Numis Securities reaffirmed an “under review” rating on shares of Hansteen in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 137 ($1.86).

Shares of Hansteen (LON HSTN) traded down GBX 2.70 ($0.04) during midday trading on Thursday, reaching GBX 139.50 ($1.89). The company had a trading volume of 1,500,000 shares, compared to its average volume of 2,840,000. Hansteen has a 1 year low of GBX 107.20 ($1.45) and a 1 year high of GBX 147.90 ($2.01). The firm has a market capitalization of $576.06 and a PE ratio of 1,550.00.

In other news, insider Ian Richard Watson sold 618,033 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of GBX 140 ($1.90), for a total value of £865,246.20 ($1,173,374.29).

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Hansteen Company Profile

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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