Hammerson plc (LON:HMSO)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank AG in a research report issued on Tuesday. They currently have a GBX 665 ($8.68) price objective on the real estate investment trust’s stock. Deutsche Bank AG’s target price points to a potential upside of 15.15% from the stock’s current price.
HMSO has been the topic of a number of other reports. Numis Securities Ltd dropped their price target on shares of Hammerson plc from GBX 600 ($7.83) to GBX 574 ($7.49) and set a “hold” rating on the stock in a research note on Tuesday, August 16th. Peel Hunt restated a “hold” rating and set a GBX 550 ($7.18) price target on shares of Hammerson plc in a research note on Friday, August 19th. JPMorgan Chase & Co. upped their price target on shares of Hammerson plc from GBX 730 ($9.53) to GBX 750 ($9.79) and gave the company an “overweight” rating in a research note on Tuesday, September 6th. Liberum Capital restated a “hold” rating and set a GBX 550 ($7.18) price target on shares of Hammerson plc in a research note on Thursday, September 22nd. Finally, BNP Paribas restated a “neutral” rating and set a GBX 530 ($6.92) price target on shares of Hammerson plc in a research note on Thursday, September 1st. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock 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 577.50 on Tuesday. Hammerson plc has a 12 month low of GBX 400.00 and a 12 month high of GBX 650.50. The firm has a 50-day moving average of GBX 579.24 and a 200-day moving average of GBX 567.02. The firm’s market cap is GBX 4.54 billion.
The company 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. The ex-dividend date of this dividend is Thursday, August 25th. This represents a yield of 1.84%.
In other news, insider Drakesmith,Timon purchased 275 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was acquired at an average price of GBX 545 ($7.11) per share, with a total value of £1,498.75 ($1,956.34). Also, insider Bouchut,Pierre purchased 20,000 shares of the company’s stock in a transaction on Friday, July 29th. The shares were purchased at an average cost of GBX 554 ($7.23) per share, with a total value of £110,800 ($144,628.64).
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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