BNP Paribas reiterated their neutral rating on shares of Hammerson plc (LON:HMSO) in a research report released on Monday morning. BNP Paribas currently has a GBX 580 ($7.57) target price on the real estate investment trust’s stock.
Several other research firms have also recently weighed in on HMSO. Deutsche Bank AG dropped their price objective on shares of Hammerson plc from GBX 775 ($10.12) to GBX 725 ($9.46) and set a buy rating for the company in a research report on Friday, June 24th. Numis Securities Ltd dropped their price objective on shares of Hammerson plc from GBX 600 ($7.83) to GBX 574 ($7.49) and set a hold rating for the company in a research report on Tuesday, August 16th. JPMorgan Chase & Co. upped their target price 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 report on Tuesday, September 6th. Liberum Capital cut shares of Hammerson plc to a hold rating and dropped their target price for the company from GBX 704 ($9.19) to GBX 550 ($7.18) in a research report on Monday, July 4th. Finally, Credit Suisse Group AG dropped their target price on shares of Hammerson plc from GBX 610 ($7.96) to GBX 495 ($6.46) and set an outperform rating for the company in a research report on Tuesday, June 28th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of GBX 626.56 ($8.18).
Shares of Hammerson plc (LON:HMSO) opened at 578.50 on Monday. Hammerson plc has a 52-week low of GBX 400.00 and a 52-week high of GBX 650.50. The company’s 50-day moving average price is GBX 579.24 and its 200-day moving average price is GBX 567.02. The firm’s market cap is GBX 4.55 billion.
The firm also recently disclosed a dividend, which will be paid on Monday, October 10th. Stockholders of record on Thursday, August 25th will be paid a dividend of GBX 10.10 ($0.13) per share. The ex-dividend date is Thursday, August 25th. This represents a dividend yield of 1.84%.
In other news, insider Drakesmith,Timon bought 275 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were bought at an average cost of GBX 545 ($7.11) per share, with a total value of £1,498.75 ($1,956.34). Also, insider Bouchut,Pierre bought 20,000 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was purchased at an average cost of GBX 554 ($7.23) per share, for a total transaction 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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