Hammerson plc (LON:HMSO)‘s stock had its “buy” rating reaffirmed by Deutsche Bank AG in a research note issued on Tuesday. They currently have a GBX 665 ($8.68) price objective on the real estate investment trust’s stock. Deutsche Bank AG’s price objective points to a potential upside of 12.14% from the stock’s previous close.
HMSO has been the subject of several other research reports. Numis Securities Ltd cut their target price on Hammerson plc from GBX 600 ($7.83) to GBX 574 ($7.49) and set a “hold” rating for the company in a research report on Tuesday, August 16th. Peel Hunt reiterated a “hold” rating and set a GBX 550 ($7.18) target price on shares of Hammerson plc in a research report on Friday, August 19th. JPMorgan Chase & Co. increased their target price on Hammerson plc from GBX 730 ($9.53) to GBX 750 ($9.79) and gave the stock an “overweight” rating in a research report on Tuesday, September 6th. Liberum Capital reiterated a “hold” rating and set a GBX 550 ($7.18) target price on shares of Hammerson plc in a research report on Thursday, September 22nd. Finally, BNP Paribas reiterated a “neutral” rating and set a GBX 530 ($6.92) target price on shares of Hammerson plc in a research report on Thursday, September 1st. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 626.56 ($8.18).
Shares of Hammerson plc (LON:HMSO) opened at 593.00 on Tuesday. The firm has a 50-day moving average of GBX 578.65 and a 200 day moving average of GBX 566.84. Hammerson plc has a 52-week low of GBX 400.00 and a 52-week high of GBX 650.50. The firm’s market cap is GBX 4.66 billion.
The company also recently disclosed a dividend, which will be paid on Monday, October 10th. Shareholders of record on Thursday, August 25th will be issued a dividend of GBX 10.10 ($0.13) per share. The ex-dividend date is Thursday, August 25th. This represents a yield of 1.84%.
In related news, insider Bouchut,Pierre purchased 20,000 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were acquired at an average cost of GBX 554 ($7.23) per share, for a total transaction of £110,800 ($144,628.64). Also, insider Drakesmith,Timon purchased 275 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was bought at an average price of GBX 545 ($7.11) per share, for a total transaction of £1,498.75 ($1,956.34).
About Hammerson plc
Hammerson plc is a United Kingdom-based real estate investment trust (REIT). The Company is an owner, manager and developer of retail destinations in Europe. The Company’s segments are United Kingdom (UK) and France. The Company’s properties include shopping centers, convenient retail parks and premium outlet villages.
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