Hammerson (LON:HMSO)‘s stock had its “hold” rating reissued by investment analysts at Liberum Capital in a research report issued on Wednesday. They currently have a GBX 610 ($8.73) target price on the real estate investment trust’s stock. Liberum Capital’s price objective would suggest a potential upside of 16.32% from the company’s previous close.
Several other brokerages also recently issued reports on HMSO. Morgan Stanley cut their price target on Hammerson from GBX 650 ($9.31) to GBX 520 ($7.45) and set an “overweight” rating for the company in a report on Tuesday, March 13th. Peel Hunt reiterated a “hold” rating and set a GBX 525 ($7.52) price objective on shares of Hammerson in a research report on Monday, March 19th. Numis Securities reiterated a “reduce” rating and set a GBX 518 ($7.42) price objective on shares of Hammerson in a research report on Monday, February 26th. Jefferies Group reiterated an “underperform” rating and set a GBX 440 ($6.30) price objective on shares of Hammerson in a research report on Thursday, January 18th. Finally, Credit Suisse Group increased their price objective on Hammerson from GBX 460 ($6.59) to GBX 550 ($7.88) and gave the stock a “neutral” rating in a research report on Thursday, March 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 577.77 ($8.27).
Shares of Hammerson stock opened at GBX 524.40 ($7.51) on Wednesday. Hammerson has a 1 year low of GBX 430.40 ($6.16) and a 1 year high of £523.38 ($749.40).
In related news, insider Timon Drakesmith purchased 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average price of GBX 461 ($6.60) per share, for a total transaction of £69,150 ($99,012.03).
Hammerson Company Profile
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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