Hammerson plc (HMSO) Price Target Raised to GBX 658 at HSBC
Hammerson plc (LON:HMSO) had its price target raised by HSBC from GBX 576 ($7.52) to GBX 658 ($8.59) in a report issued on Friday morning. They currently have a buy rating on the real estate investment trust’s stock.
A number of other equities research analysts have also issued reports on HMSO. Deutsche Bank AG dropped their target price on Hammerson plc from GBX 775 ($10.12) to GBX 725 ($9.46) and set a buy rating on the stock in a research report on Friday, June 24th. BNP Paribas reissued a neutral rating and issued a GBX 530 ($6.92) target price on shares of Hammerson plc in a research report on Monday, June 27th. Numis Securities Ltd dropped their target price 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. JPMorgan Chase & Co. lifted their target price 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, Liberum Capital lowered Hammerson plc to a hold rating and dropped their target price for the company from GBX 704 ($9.19) to GBX 550 ($7.18) in a research report on Monday, July 4th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of GBX 626.56 ($8.18).
Shares of Hammerson plc (LON:HMSO) traded up 0.09% on Friday, hitting GBX 587.50. The stock had a trading volume of 1,545,962 shares. The company’s market cap is GBX 4.62 billion. Hammerson plc has a 52 week low of GBX 400.00 and a 52 week high of GBX 650.50. The stock’s 50-day moving average price is GBX 577.49 and its 200 day moving average price is GBX 566.85.
The business also recently declared a dividend, which will be paid on Monday, October 10th. Shareholders of record on Thursday, August 25th will be given a GBX 10.10 ($0.13) dividend. The ex-dividend date is Thursday, August 25th. This represents a dividend yield of 1.84%.
In related news, insider Duddy,Terry purchased 28,000 shares of Hammerson plc stock in a transaction on Thursday, July 28th. The shares were purchased at an average price of GBX 554 ($7.23) per share, for a total transaction of £155,120 ($202,480.09). Also, insider Drakesmith,Timon purchased 275 shares of Hammerson plc stock in a transaction on Thursday, August 4th. The stock was bought at an average price of GBX 545 ($7.11) per share, for a total transaction of £1,498.75 ($1,956.34).
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.
Receive News & Stock Ratings for Hammerson plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hammerson plc and related stocks with our FREE daily email newsletter.