Hammerson (LON:HMSO) Given “Buy” Rating at Deutsche Bank

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Hammerson (LON:HMSO)‘s stock had its “buy” rating restated by equities researchers at Deutsche Bank in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada raised their price objective on from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the company an “outperform” rating in a research note on Monday, June 24th. JPMorgan Chase & Co. raised their price objective on from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the company a “neutral” rating in a research note on Friday, July 5th. Goldman Sachs Group upgraded to a “buy” rating and set a GBX 1,180 ($15.42) price objective on the stock in a research note on Tuesday, June 4th. Peel Hunt restated a “hold” rating and set a GBX 935 ($12.22) price objective (up from GBX 920 ($12.02)) on shares of Antofagasta in a research note on Tuesday, July 9th. Finally, HSBC set a €11.00 ($12.79) price objective on SAF-HOLLAND and gave the company a “neutral” rating in a research note on Thursday, March 28th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 381.50 ($4.98).

Shares of LON:HMSO opened at GBX 279.70 ($3.65) on Friday. The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 58.29. The company’s fifty day moving average is GBX 279.51. Hammerson has a 1-year low of GBX 262.20 ($3.43) and a 1-year high of GBX 539.20 ($7.05). The company has a market cap of $2.14 billion and a PE ratio of -8.20.

In other news, insider Timon Drakesmith sold 32,202 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of GBX 316 ($4.13), for a total transaction of £101,758.32 ($132,965.27). Also, insider Andrew Formica bought 22,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were acquired at an average cost of GBX 290 ($3.79) per share, with a total value of £63,800 ($83,366.00). Over the last ninety days, insiders have bought 46,461 shares of company stock valued at $13,387,087.

About Hammerson

We are an owner, manager and developer of retail destinations in Europe. Our portfolio includes investments in 22 prime shopping centres in the UK, Ireland and France, 15 convenient retail parks in the UK and 20 premium outlets across Europe.

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Analyst Recommendations for Hammerson (LON:HMSO)

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