Hammerson (LON:HMSO) had its price target boosted by equities research analysts at Credit Suisse Group from GBX 460 ($6.36) to GBX 550 ($7.60) in a research report issued to clients and investors on Thursday, March 15th. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Credit Suisse Group’s target price would suggest a potential downside of 0.22% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Goldman Sachs upgraded Hammerson to a “buy” rating and set a GBX 625 ($8.63) price target for the company in a research note on Friday, December 8th. Canaccord Genuity dropped their price target on Hammerson from GBX 655 ($9.05) to GBX 590 ($8.15) and set a “buy” rating for the company in a research note on Friday, December 22nd. Liberum Capital reiterated a “hold” rating and issued a GBX 610 ($8.43) price target on shares of Hammerson in a research note on Wednesday, November 22nd. Jefferies Group reiterated an “underperform” rating and issued a GBX 464 ($6.41) price target on shares of Hammerson in a research note on Friday, November 24th. Finally, Peel Hunt reiterated a “hold” rating and issued a GBX 525 ($7.25) price target (down from GBX 550 ($7.60)) on shares of Hammerson in a research note on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. Hammerson presently has a consensus rating of “Hold” and an average target price of GBX 566.07 ($7.82).

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HMSO stock traded down GBX 3.80 ($0.05) during midday trading on Thursday, reaching GBX 551.20 ($7.62). The company’s stock had a trading volume of 5,906,442 shares, compared to its average volume of 5,840,000. Hammerson has a 12-month low of GBX 430.40 ($5.95) and a 12-month high of £523.38 ($723.10). The company has a market capitalization of $3,440.00 and a PE ratio of 1,124.90.

Hammerson (LON:HMSO) last announced its quarterly earnings results on Monday, February 26th. The real estate investment trust reported GBX 31.10 ($0.43) EPS for the quarter, beating the Zacks’ consensus estimate of GBX 30.90 ($0.43) by GBX 0.20 ($0.00). Hammerson had a return on equity of 3.36% and a net margin of 97.06%. The company had revenue of £248.90 million during the quarter.

In related news, insider Timon Drakesmith acquired 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average cost of GBX 461 ($6.37) per share, for a total transaction of £69,150 ($95,537.44).

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About Hammerson

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.

Analyst Recommendations for Hammerson (LON:HMSO)

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