Hammerson (LON:HMSO)‘s stock had its “hold” rating reissued by research analysts at Peel Hunt in a report issued on Wednesday. They currently have a GBX 550 ($7.40) target price on the real estate investment trust’s stock. Peel Hunt’s price objective indicates a potential upside of 5.26% from the stock’s previous close.
HMSO has been the topic of a number of other reports. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 725 ($9.76) price target on shares of Hammerson in a research report on Tuesday, October 24th. Deutsche Bank reiterated a “buy” rating and set a GBX 650 ($8.75) price target on shares of Hammerson in a research report on Monday, September 11th. Liberum Capital reiterated a “hold” rating and set a GBX 610 ($8.21) price target on shares of Hammerson in a research report on Thursday, November 9th. Jefferies Group reiterated an “underperform” rating and set a GBX 464 ($6.24) price target on shares of Hammerson in a research report on Friday, November 24th. Finally, Goldman Sachs Group reiterated a “neutral” rating and set a GBX 600 ($8.08) price target on shares of Hammerson in a research report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 598.18 ($8.05).
Hammerson (LON HMSO) opened at GBX 522.50 ($7.03) on Wednesday. Hammerson has a 52-week low of GBX 512 ($6.89) and a 52-week high of GBX 614.50 ($8.27).
In related news, insider Timon Drakesmith purchased 114 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were acquired at an average price of GBX 534 ($7.19) per share, for a total transaction of £608.76 ($819.33).
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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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