Hammerson plc (HMSO) Earns “Buy” Rating from Deutsche Bank AG
Hammerson plc (LON:HMSO)‘s stock had its “buy” rating restated by investment analysts at Deutsche Bank AG in a research report issued to clients and investors on Tuesday. They presently have a GBX 665 ($8.68) price objective on the real estate investment trust’s stock. Deutsche Bank AG’s price objective would suggest a potential upside of 12.14% from the company’s current price.
Several other equities research analysts also recently commented on HMSO. Peel Hunt reduced their price target on shares of Hammerson plc from GBX 650 ($8.48) to GBX 550 ($7.18) and set a “hold” rating for the company in a research report on Monday, July 25th. Citigroup Inc. restated a “buy” rating and issued a GBX 647 ($8.45) price target on shares of Hammerson plc in a research report on Monday, July 18th. Liberum Capital restated a “hold” rating and issued a GBX 550 ($7.18) price target on shares of Hammerson plc in a research report on Tuesday, July 26th. BNP Paribas restated a “neutral” rating and issued a GBX 530 ($6.92) price target on shares of Hammerson plc in a research report on Monday, August 8th. Finally, Jefferies Group restated a “hold” rating and issued a GBX 473 ($6.17) price target on shares of Hammerson plc in a research report on Friday, August 19th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Hammerson plc has a consensus rating of “Buy” and a consensus target price of GBX 626.56 ($8.18).
Hammerson plc (LON:HMSO) opened at 593.00 on Tuesday. Hammerson plc has a 12-month low of GBX 400.00 and a 12-month high of GBX 650.50. The firm’s market cap is GBX 4.66 billion. The company’s 50 day moving average is GBX 578.65 and its 200 day moving average is GBX 566.84.
The business also recently declared a dividend, which will be paid on Monday, October 10th. Shareholders of record on Thursday, August 25th will be issued a GBX 10.10 ($0.13) dividend. This represents a yield of 1.84%. The ex-dividend date is Thursday, August 25th.
In related news, insider Bouchut,Pierre purchased 20,000 shares of Hammerson plc stock in a transaction on Friday, July 29th. The stock was purchased at an average cost of GBX 554 ($7.23) per share, with a total value of £110,800 ($144,628.64). 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 cost of GBX 545 ($7.11) per share, with a total value 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.
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