Hammerson (HMSO) Raised to “Buy” at Goldman Sachs Group
Goldman Sachs Group upgraded shares of Hammerson (LON:HMSO) to a buy rating in a research note released on Friday. The brokerage currently has GBX 625 ($8.41) target price on the real estate investment trust’s stock.
A number of other analysts have also recently commented on HMSO. Deutsche Bank reiterated a buy rating and set a GBX 650 ($8.75) price objective on shares of Hammerson in a research report on Monday, September 11th. Numis Securities reiterated a reduce rating and set a GBX 518 ($6.97) price objective on shares of Hammerson in a research report on Wednesday, September 13th. J P Morgan Chase & Co reiterated an overweight rating and set a GBX 725 ($9.76) price objective on shares of Hammerson in a research report on Tuesday, October 24th. Liberum Capital reissued a hold rating and set a GBX 610 ($8.21) price target on shares of Hammerson in a report on Thursday, November 9th. Finally, Peel Hunt reissued a hold rating and set a GBX 550 ($7.40) price target on shares of Hammerson in a report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 600.45 ($8.08).
Hammerson (HMSO) opened at GBX 525 ($7.07) on Friday. Hammerson has a 1-year low of GBX 493.50 ($6.64) and a 1-year high of GBX 614.50 ($8.27).
In other Hammerson news, insider Timon Drakesmith acquired 114 shares of the company’s stock in a transaction dated Monday, October 9th. The stock was purchased at an average price of GBX 534 ($7.19) per share, with a total value of £608.76 ($819.33).
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Hammerson Company Profile
Hammerson plc is a real estate investment trust (REIT). The Company is an owner, manager and developer of retail destinations in Europe. The Company’s segments include United Kingdom, France and Ireland. The Company’s portfolio includes investments in approximately 20 prime shopping centers in the United Kingdom, France and Ireland, over 20 convenient retail parks in the United Kingdom and approximately 20 premium outlets across Europe.
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