Hammerson plc (LON:HMSO) had its price objective increased by HSBC from GBX 576 ($7.52) to GBX 658 ($8.59) in a report issued on Friday. They currently have a buy rating on the real estate investment trust’s stock.
HMSO has been the topic of a number of other research reports. Liberum Capital restated a hold rating and set a GBX 550 ($7.18) target price on shares of Hammerson plc in a report on Thursday, September 22nd. Deutsche Bank AG restated a buy rating and set a GBX 665 ($8.68) target price on shares of Hammerson plc in a report on Monday, September 19th. JPMorgan Chase & Co. raised their target price on Hammerson plc from GBX 730 ($9.53) to GBX 750 ($9.79) and gave the stock an overweight rating in a report on Tuesday, September 6th. BNP Paribas restated a neutral rating and set a GBX 530 ($6.92) target price on shares of Hammerson plc in a report on Thursday, September 1st. Finally, Morgan Stanley raised their target price on Hammerson plc from GBX 510 ($6.66) to GBX 575 ($7.51) and gave the stock an equal weight rating in a report on Wednesday, August 31st. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Hammerson plc has an average rating of Buy and an average price target of GBX 626.56 ($8.18).
Shares of Hammerson plc (LON:HMSO) opened at 583.00 on Friday. Hammerson plc has a 52 week low of GBX 400.00 and a 52 week high of GBX 650.50. The company’s market cap is GBX 4.58 billion. The company has a 50 day moving average price of GBX 579.24 and a 200 day moving average price of GBX 566.94.
The business also recently declared a dividend, which will be paid on Monday, October 10th. Shareholders of record on Thursday, August 25th will be given a dividend of GBX 10.10 ($0.13) per share. This represents a dividend yield of 1.84%. The ex-dividend date is Thursday, August 25th.
In other Hammerson plc news, insider Bouchut,Pierre bought 20,000 shares of Hammerson plc stock in a transaction dated Friday, July 29th. The stock was bought at an average cost of GBX 554 ($7.23) per share, for a total transaction of £110,800 ($144,628.64). Also, insider Drakesmith,Timon bought 275 shares of Hammerson plc stock in a transaction dated Thursday, August 4th. The shares were acquired at an average price of GBX 545 ($7.11) per share, with a total value of £1,498.75 ($1,956.34).
Hammerson plc Company Profile
Hammerson plc is a United Kingdom-based real estate investment trust (REIT). The Company is an owner, manager and developer of retail destinations in Europe. The Company’s segments are United Kingdom (UK) and France. The Company’s properties include shopping centers, convenient retail parks and premium outlet villages.
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