Hammerson (HMSNF) Downgraded by Zacks Investment Research to “Hold”

Hammerson (OTCMKTS:HMSNF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “Hammerson plc is a real estate investment trust. The company’s portfolio includes commercial buildings, offices and shopping centers. It operates primarily in United Kingdom, Germany and France. Hammerson plc is based in London, the United Kingdom. “

HMSNF has been the topic of several other research reports. Jefferies Group upgraded shares of Hammerson from an “underperform” rating to a “hold” rating in a research report on Thursday, April 19th. JPMorgan Chase restated an “overweight” rating on shares of Hammerson in a research report on Thursday, May 3rd. Goldman Sachs restated a “neutral” rating on shares of Hammerson in a research report on Thursday, April 19th. Finally, Barclays upgraded shares of Hammerson from an “underweight” rating to an “equal weight” rating in a research report on Thursday, April 19th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.75.

Shares of Hammerson traded up $0.19, hitting $7.12, during mid-day trading on Thursday, Marketbeat.com reports. The company had a trading volume of 500 shares, compared to its average volume of 3,496. Hammerson has a 52-week low of $6.05 and a 52-week high of $7.84.

About Hammerson

Hammerson is a FTSE 100 owner, manager and developer of retail destinations in Europe. Our portfolio of high-quality retail property has a value of around £10.5 billion and includes 23 prime shopping centres, 17 convenient retail parks and investments in 20 premium outlet villages, through our partnership with Value Retail and the VIA Outlets joint venture.

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