Peel Hunt Reaffirms “Hold” Rating for Hammerson plc (LON:HMSO)
Peel Hunt reiterated their hold rating on shares of Hammerson plc (LON:HMSO) in a research report released on Wednesday morning. They currently have a GBX 550 ($7.17) target price on the real estate investment trust’s stock.
A number of other equities analysts have also recently commented on the company. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and issued a GBX 615 ($8.01) target price on shares of Hammerson plc in a report on Tuesday, April 18th. J P Morgan Chase & Co reiterated an overweight rating and issued a GBX 725 ($9.45) target price on shares of Hammerson plc in a report on Wednesday, May 31st. Jefferies Group LLC reiterated an underperform rating and issued a GBX 473 ($6.16) target price on shares of Hammerson plc in a report on Wednesday, April 26th. Deutsche Bank AG reiterated a buy rating and issued a GBX 630 ($8.21) target price on shares of Hammerson plc in a report on Thursday, July 6th. Finally, Credit Suisse Group reiterated an outperform rating on shares of Hammerson plc in a report on Friday, June 30th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of GBX 598.77 ($7.80).
Shares of Hammerson plc (LON:HMSO) opened at 573.50 on Wednesday. Hammerson plc has a 12 month low of GBX 529.00 and a 12 month high of GBX 614.50. The firm has a 50-day moving average price of GBX 584.42 and a 200 day moving average price of GBX 578.63. The company’s market cap is GBX 4.54 billion.
The firm also recently declared a dividend, which will be paid on Monday, October 9th. Investors of record on Thursday, August 31st will be paid a dividend of GBX 10.70 ($0.14) per share. This represents a dividend yield of 1.84%. The ex-dividend date is Thursday, August 31st.
In other Hammerson plc news, insider Jean-Philippe Mouton sold 11,894 shares of Hammerson plc stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of GBX 584 ($7.61), for a total transaction of £69,460.96 ($90,491.09). Also, insider Timon Drakesmith sold 101,005 shares of Hammerson plc stock in a transaction on Friday, May 19th. The shares were sold at an average price of GBX 578 ($7.53), for a total value of £583,808.90 ($760,563.97). Insiders have sold a total of 172,690 shares of company stock valued at $99,945,975 over the last three months.
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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