Hammerson plc (HMSO) PT Lowered to GBX 665
Hammerson plc (LON:HMSO) had its price objective trimmed by Deutsche Bank AG from GBX 725 ($9.66) to GBX 665 ($8.86) in a research note released on Tuesday. The firm currently has a buy rating on the real estate investment trust’s stock.
Several other research analysts have also recently weighed in on HMSO. Goldman Sachs Group Inc. reiterated a buy rating and set a GBX 571 ($7.61) price objective on shares of Hammerson plc in a research report on Thursday, May 19th. BNP Paribas reiterated a neutral rating and set a GBX 600 ($7.99) price objective on shares of Hammerson plc in a research report on Wednesday, June 1st. Credit Suisse Group AG lowered their price objective on Hammerson plc from GBX 630 ($8.39) to GBX 610 ($8.12) and set an outperform rating on the stock in a research report on Friday, June 17th. Peel Hunt reiterated a hold rating and set a GBX 650 ($8.66) price objective on shares of Hammerson plc in a research report on Monday, June 20th. Finally, Liberum Capital cut Hammerson plc to a hold rating and lowered their price objective for the stock from GBX 704 ($9.38) to GBX 550 ($7.33) in a research report on Monday, July 4th. Nine investment 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 a consensus price target of GBX 624.33 ($8.32).
Hammerson plc (LON:HMSO) opened at 563.50 on Tuesday. Hammerson plc has a 12 month low of GBX 400.00 and a 12 month high of GBX 650.50. The firm’s market cap is GBX 4.43 billion. The company’s 50-day moving average is GBX 570.74 and its 200 day moving average is GBX 564.88.
The company also recently declared 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. This represents a dividend yield of 1.84%. The ex-dividend date is Thursday, August 25th.
In other news, insider Bouchut,Pierre purchased 20,000 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were purchased at an average cost of GBX 554 ($7.38) per share, with a total value of £110,800 ($147,575.92). Also, insider Drakesmith,Timon purchased 275 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were purchased at an average cost of GBX 545 ($7.26) per share, for a total transaction of £1,498.75 ($1,996.20).
About Hammerson plc
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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