Hammerson plc (LON:HMSO) had its target price lifted by analysts at HSBC from GBX 576 ($7.52) to GBX 658 ($8.59) in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. HSBC’s price objective suggests a potential upside of 12.57% from the stock’s current price.
Several other research analysts also recently commented on the stock. Liberum Capital reissued a “hold” rating and set a GBX 550 ($7.18) price target on shares of Hammerson plc in a research note on Thursday, September 22nd. Deutsche Bank AG reissued a “buy” rating and set a GBX 665 ($8.68) price target on shares of Hammerson plc in a research note on Monday, September 19th. JPMorgan Chase & Co. lifted their price target on shares of Hammerson plc from GBX 730 ($9.53) to GBX 750 ($9.79) and gave the stock an “overweight” rating in a research note on Tuesday, September 6th. BNP Paribas reissued a “neutral” rating and set a GBX 530 ($6.92) price target on shares of Hammerson plc in a research note on Thursday, September 1st. Finally, Morgan Stanley lifted their price target on shares of Hammerson plc from GBX 510 ($6.66) to GBX 575 ($7.51) and gave the stock an “equal weight” rating in a research note on Wednesday, August 31st. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 623.78 ($8.14).
Hammerson plc (LON:HMSO) opened at 579.50 on Friday. Hammerson plc has a 52 week low of GBX 400.00 and a 52 week high of GBX 650.50. The company’s 50-day moving average is GBX 576.96 and its 200 day moving average is GBX 566.67. The company’s market capitalization is GBX 4.56 billion.
The firm also recently announced a dividend, which will be paid on Monday, October 10th. Stockholders of record on Thursday, August 25th will be issued a dividend of GBX 10.10 ($0.13) per share. This represents a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, August 25th.
In other Hammerson plc news, insider Drakesmith,Timon bought 275 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were purchased at an average price of GBX 545 ($7.11) per share, for a total transaction of £1,498.75 ($1,956.34). Also, insider Duddy,Terry bought 28,000 shares of the company’s stock in a transaction dated Thursday, July 28th. The shares were acquired at an average price of GBX 554 ($7.23) per share, for a total transaction of £155,120 ($202,480.09).
Hammerson plc Company Profile
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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