Shares of Hammerson plc (LON:HMSO) have been given a consensus recommendation of “Hold” by the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 600.45 ($8.08).
Several equities analysts have recently issued reports on the company. Goldman Sachs Group raised Hammerson to a “buy” rating and set a GBX 625 ($8.41) price target on the stock in a research note on Friday. Peel Hunt reaffirmed a “hold” rating and set a GBX 550 ($7.40) price target on shares of Hammerson in a research note on Wednesday. Liberum Capital reaffirmed a “hold” rating and set a GBX 610 ($8.21) price target on shares of Hammerson in a research note on Wednesday. Jefferies Group reaffirmed an “underperform” rating and set a GBX 464 ($6.24) price target on shares of Hammerson in a research note on Friday, November 24th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 725 ($9.76) price target on shares of Hammerson in a research note on Friday, November 10th.
In other news, insider Timon Drakesmith acquired 114 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The stock was acquired at an average cost of GBX 534 ($7.19) per share, for a total transaction of £608.76 ($819.33).
Shares of Hammerson (HMSO) traded up GBX 15.93 ($0.21) during mid-day trading on Thursday, hitting GBX 523.93 ($7.05). The stock had a trading volume of 5,850,000 shares, compared to its average volume of 3,890,000. Hammerson has a 12 month low of GBX 493.50 ($6.64) and a 12 month high of GBX 614.50 ($8.27).
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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