Hammerson plc (LON:HMSO) has been assigned a consensus recommendation of “Buy” from the nineteen ratings firms that are covering the firm. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 626.56 ($7.64).
HMSO has been the topic of several recent research reports. Deutsche Bank AG decreased their price target on Hammerson plc from GBX 775 ($9.45) to GBX 725 ($8.84) and set a “buy” rating on the stock in a report on Friday, June 24th. BNP Paribas reiterated a “neutral” rating and issued a GBX 530 ($6.46) target price on shares of Hammerson plc in a research note on Monday, June 27th. Credit Suisse Group AG reduced their target price on Hammerson plc from GBX 610 ($7.43) to GBX 495 ($6.03) and set an “outperform” rating on the stock in a research note on Tuesday, June 28th. Goldman Sachs Group Inc. reduced their target price on Hammerson plc from GBX 750 ($9.14) to GBX 670 ($8.17) and set a “buy” rating on the stock in a research note on Wednesday, June 29th. Finally, Liberum Capital lowered Hammerson plc to a “hold” rating and reduced their target price for the stock from GBX 704 ($8.58) to GBX 550 ($6.70) in a research note on Monday, July 4th.
In other Hammerson plc news, insider Duddy,Terry purchased 28,000 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was bought at an average cost of GBX 554 ($6.75) per share, for a total transaction of £155,120 ($189,055.45). Also, insider Bouchut,Pierre purchased 20,000 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was acquired at an average price of GBX 554 ($6.75) per share, with a total value of £110,800 ($135,039.61).
Shares of Hammerson plc (LON:HMSO) opened at 561.00 on Friday. Hammerson plc has a 12-month low of GBX 400.00 and a 12-month high of GBX 650.50. The company has a 50-day moving average of GBX 576.05 and a 200 day moving average of GBX 566.36. The company’s market cap is GBX 4.41 billion.
The firm also recently declared a dividend, which was paid on Monday, October 10th. Shareholders of record on Thursday, August 25th were paid a GBX 10.10 ($0.12) dividend. This represents a yield of 1.84%. The ex-dividend date was Thursday, August 25th.
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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