Hammerson plc (HMSO) Receives “Neutral” Rating from BNP Paribas
Hammerson plc (LON:HMSO)‘s stock had its “neutral” rating reiterated by BNP Paribas in a research report issued to clients and investors on Monday. They presently have a GBX 580 ($7.57) price objective on the real estate investment trust’s stock. BNP Paribas’ price target suggests a potential downside of 1.19% from the company’s previous close.
A number of other equities analysts have also recently weighed in on the company. Credit Suisse Group AG lowered their price target on Hammerson plc from GBX 630 ($8.22) to GBX 610 ($7.96) and set an “outperform” rating for the company in a report on Friday, June 17th. Peel Hunt reiterated a “hold” rating and set a GBX 650 ($8.48) price target on shares of Hammerson plc in a report on Monday, June 20th. Deutsche Bank AG lowered their price target on Hammerson plc from GBX 775 ($10.12) to GBX 725 ($9.46) and set a “buy” rating for the company in a report on Friday, June 24th. Goldman Sachs Group Inc. lowered their price target on Hammerson plc from GBX 750 ($9.79) to GBX 670 ($8.75) and set a “buy” rating for the company in a report on Wednesday, June 29th. Finally, Liberum Capital cut Hammerson plc to a “hold” rating and lowered their price target for the stock from GBX 704 ($9.19) to GBX 550 ($7.18) in a report on Monday, July 4th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Hammerson plc presently has a consensus rating of “Buy” and an average target price of GBX 626.56 ($8.18).
Hammerson plc (LON:HMSO) opened at 588.00 on Monday. The firm has a 50-day moving average of GBX 577.49 and a 200-day moving average of GBX 566.85. Hammerson plc has a one year low of GBX 400.00 and a one year high of GBX 650.50. The company’s market capitalization is GBX 4.62 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 given 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 business’s stock in a transaction dated Thursday, August 4th. The shares were acquired at an average price of GBX 545 ($7.11) per share, with a total value of £1,498.75 ($1,956.34). Also, insider Duddy,Terry bought 28,000 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were acquired at an average cost 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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