Liberum Capital Reiterates Hold Rating for Hammerson plc (HMSO)
Hammerson plc (LON:HMSO)‘s stock had its “hold” rating reissued by investment analysts at Liberum Capital in a report released on Wednesday. They presently have a GBX 610 ($8.02) price target on the real estate investment trust’s stock. Liberum Capital’s price target would suggest a potential upside of 17.65% from the stock’s current price.
Several other research analysts have also recently issued reports on HMSO. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 605 ($7.96) price objective on shares of Hammerson plc in a research report on Thursday, July 27th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 650 ($8.55) price objective on shares of Hammerson plc in a research report on Monday, September 11th. Numis Securities Ltd reiterated a “reduce” rating and issued a GBX 511 ($6.72) price objective on shares of Hammerson plc in a research report on Wednesday, July 26th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 725 ($9.54) price objective on shares of Hammerson plc in a research report on Friday, November 10th. Finally, Peel Hunt reiterated a “hold” rating and issued a GBX 550 ($7.23) price objective on shares of Hammerson plc in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Hammerson plc currently has a consensus rating of “Hold” and an average target price of GBX 598.18 ($7.87).
Shares of Hammerson plc (LON HMSO) opened at GBX 518.50 ($6.82) on Wednesday. Hammerson plc has a 52 week low of GBX 512 ($6.73) and a 52 week high of GBX 614.50 ($8.08).
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In other Hammerson plc news, insider Timon Drakesmith bought 114 shares of Hammerson plc stock in a transaction that occurred on Monday, October 9th. The shares were purchased at an average cost of GBX 534 ($7.02) per share, for a total transaction of £608.76 ($800.68).
About Hammerson plc
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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