Hammerson plc (LON:HMSO)‘s stock had its “reduce” rating restated by Numis Securities Ltd in a research report issued on Wednesday. They presently have a GBX 511 ($6.66) price target on the real estate investment trust’s stock. Numis Securities Ltd’s price objective indicates a potential downside of 12.72% from the stock’s previous close.
A number of other analysts have also recently issued reports on HMSO. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 725 ($9.45) target price on shares of Hammerson plc in a research note on Wednesday, March 29th. BNP Paribas reiterated a “neutral” rating and issued a GBX 600 ($7.82) target price on shares of Hammerson plc in a research note on Monday, April 3rd. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a GBX 615 ($8.01) target price on shares of Hammerson plc in a research note on Tuesday, April 18th. HSBC Holdings plc lifted their target price on shares of Hammerson plc from GBX 658 ($8.57) to GBX 668 ($8.70) and gave the company a “buy” rating in a research note on Tuesday, April 25th. Finally, Jefferies Group LLC reiterated an “underperform” rating and issued a GBX 473 ($6.16) target price on shares of Hammerson plc in a research note on Wednesday, April 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 598.25 ($7.79).
Hammerson plc (LON HMSO) opened at 583.00 on Wednesday. Hammerson plc has a 52 week low of GBX 527.50 and a 52 week high of GBX 614.50. The stock has a 50 day moving average of GBX 585.08 and a 200-day moving average of GBX 578.42. The stock’s market cap is GBX 4.62 billion.
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In related news, insider Timon Drakesmith sold 101,005 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of GBX 578 ($7.53), for a total transaction of £583,808.90 ($760,563.97). Also, insider Jean-Philippe Mouton sold 11,894 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of GBX 584 ($7.61), for a total transaction of £69,460.96 ($90,491.09). Over the last quarter, insiders have sold 172,690 shares of company stock valued at $99,945,975.
Hammerson plc Company Profile
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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