Peel Hunt Reiterates Hold Rating for Hammerson plc (HMSO)
Hammerson plc (LON:HMSO)‘s stock had its “hold” rating restated by analysts at Peel Hunt in a research report issued to clients and investors on Thursday. They currently have a GBX 550 ($7.23) target price on the real estate investment trust’s stock. Peel Hunt’s price objective indicates a potential upside of 4.96% from the company’s previous close.
HMSO has been the subject of several other research reports. Liberum Capital lifted their price target on Hammerson plc from GBX 600 ($7.89) to GBX 610 ($8.02) and gave the company a “hold” rating in a report on Tuesday, August 1st. Deutsche Bank AG lifted their price target on Hammerson plc from GBX 630 ($8.29) to GBX 650 ($8.55) and gave the company a “buy” rating in a report on Wednesday, August 2nd. Beaufort Securities restated a “hold” rating on shares of Hammerson plc in a report on Thursday, July 27th. Credit Suisse Group restated an “outperform” rating and issued a GBX 605 ($7.96) price target on shares of Hammerson plc in a report on Thursday, July 27th. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 725 ($9.54) price target on shares of Hammerson plc in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 599 ($7.88).
Hammerson plc (HMSO) traded down GBX 4.50 ($0.06) on Thursday, reaching GBX 524 ($6.89). The company’s stock had a trading volume of 3,923,667 shares, compared to its average volume of 2,490,000. 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 related news, insider Timon Drakesmith purchased 114 shares of the firm’s stock in a transaction on Monday, October 9th. The stock was purchased at an average price of GBX 534 ($7.02) per share, for a total transaction of £608.76 ($800.68).
Hammerson plc 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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