Hammerson plc (HMSO) Rating Reiterated by Deutsche Bank AG
Hammerson plc (LON:HMSO)‘s stock had its “buy” rating reissued by equities research analysts at Deutsche Bank AG in a research note issued to investors on Monday. They currently have a GBX 665 ($8.68) target price on the real estate investment trust’s stock. Deutsche Bank AG’s price objective suggests a potential upside of 16.56% from the company’s current price.
Other analysts have also recently issued research reports about the stock. Goldman Sachs Group Inc. cut their target price on shares of Hammerson plc from GBX 750 ($9.79) to GBX 670 ($8.75) and set a “buy” rating for the company in a research note on Wednesday, June 29th. Societe Generale restated a “buy” rating and set a GBX 620 ($8.09) price target on shares of Hammerson plc in a research report on Tuesday, July 5th. Citigroup Inc. restated a “buy” rating and set a GBX 647 ($8.45) price target on shares of Hammerson plc in a research report on Monday, July 18th. Barclays PLC lowered their price target on shares of Hammerson plc from GBX 690 ($9.01) to GBX 580 ($7.57) and set an “equal weight” rating on the stock in a research report on Thursday, July 7th. Finally, Morgan Stanley boosted their price target on shares of Hammerson plc from GBX 510 ($6.66) to GBX 575 ($7.51) and gave the stock an “equal weight” rating in a research report on Wednesday, August 31st. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 624.33 ($8.15).
Hammerson plc (LON:HMSO) opened at 576.50 on Monday. Hammerson plc has a 12 month low of GBX 400.00 and a 12 month high of GBX 650.50. The stock’s 50 day moving average is GBX 571.65 and its 200-day moving average is GBX 565.25. The stock’s market capitalization is GBX 4.53 billion.
The firm also recently announced a dividend, which will be paid on Monday, October 10th. Investors of record on Thursday, August 25th will be paid a dividend of GBX 10.10 ($0.13) per share. This represents a yield of 1.84%. The ex-dividend date of this dividend is Thursday, August 25th.
In other news, insider Drakesmith,Timon acquired 275 shares of the company’s stock in a transaction on 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 Duddy,Terry acquired 28,000 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was purchased at an average cost of GBX 554 ($7.23) per share, for a total transaction of £155,120 ($202,480.09).
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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