Hammerson plc (LON:HMSO)‘s stock had its “hold” rating reaffirmed by equities researchers at Liberum Capital in a report released on Thursday. They currently have a GBX 550 ($7.18) target price on the real estate investment trust’s stock. Liberum Capital’s target price would suggest a potential downside of 6.06% from the company’s current price.
Other equities analysts also recently issued reports about the company. Deutsche Bank AG restated a “buy” rating and issued a GBX 665 ($8.68) price objective on shares of Hammerson plc in a research report on Monday, September 19th. Numis Securities Ltd lowered their price objective on Hammerson plc from GBX 600 ($7.83) to GBX 574 ($7.49) and set a “hold” rating on the stock in a research report on Tuesday, August 16th. Peel Hunt restated a “hold” rating and issued a GBX 550 ($7.18) price objective on shares of Hammerson plc in a research report on Friday, August 19th. JPMorgan Chase & Co. boosted their price objective on Hammerson plc from GBX 730 ($9.53) to GBX 750 ($9.79) and gave the company an “overweight” rating in a research report on Tuesday, September 6th. Finally, BNP Paribas restated a “neutral” rating and issued a GBX 530 ($6.92) price objective on shares of Hammerson plc in a research report on Monday, July 4th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 624.33 ($8.15).
Shares of Hammerson plc (LON:HMSO) opened at 582.50 on Thursday. Hammerson plc has a one year low of GBX 400.00 and a one year high of GBX 650.50. The company’s 50-day moving average price is GBX 574.04 and its 200 day moving average price is GBX 565.62. The stock’s market capitalization is GBX 4.58 billion.
The company also recently declared a dividend, which will be paid on Monday, October 10th. Investors of record on Thursday, August 25th will be issued a GBX 10.10 ($0.13) dividend. The ex-dividend date is Thursday, August 25th. This represents a dividend yield of 1.84%.
In other news, insider Bouchut,Pierre purchased 20,000 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was purchased at an average price of GBX 554 ($7.23) per share, for a total transaction of £110,800 ($144,628.64). Also, insider Duddy,Terry purchased 28,000 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was purchased at an average price of GBX 554 ($7.23) per share, with a total value of £155,120 ($202,480.09).
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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