Hammerson plc (HMSO) Receives Consensus Recommendation of “Buy” from Analysts
Hammerson plc (LON:HMSO) has earned an average rating of “Buy” from the nineteen research firms that are covering the firm. Nine research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 626.56 ($7.64).
Several research analysts have weighed in on the stock. Peel Hunt lowered their price objective on shares of Hammerson plc from GBX 650 ($7.92) to GBX 550 ($6.70) and set a “hold” rating on the stock in a report on Monday, July 25th. Deutsche Bank AG lowered their price objective on shares of Hammerson plc from GBX 725 ($8.84) to GBX 665 ($8.10) and set a “buy” rating on the stock in a report on Tuesday, September 13th. Citigroup Inc. restated a “buy” rating and set a GBX 647 ($7.89) price objective on shares of Hammerson plc in a report on Monday, July 18th. BNP Paribas restated a “neutral” rating and set a GBX 530 ($6.46) price objective on shares of Hammerson plc in a report on Monday, August 8th. Finally, Liberum Capital restated a “hold” rating and set a GBX 550 ($6.70) price objective on shares of Hammerson plc in a report on Tuesday, July 26th.
In other news, insider Drakesmith,Timon purchased 275 shares of the stock in a transaction dated Thursday, August 4th. The shares were purchased at an average cost of GBX 545 ($6.64) per share, with a total value of £1,498.75 ($1,826.63). Also, insider Bouchut,Pierre purchased 20,000 shares of the stock in a transaction dated Friday, July 29th. The stock was purchased at an average cost of GBX 554 ($6.75) per share, for a total transaction of £110,800 ($135,039.61).
Shares of Hammerson plc (LON:HMSO) opened at 561.00 on Friday. Hammerson plc has a one year low of GBX 400.00 and a one year high of GBX 650.50. The company’s market cap is GBX 4.41 billion. The company’s 50 day moving average is GBX 576.05 and its 200 day moving average is GBX 566.36.
The firm also recently announced a dividend, which was paid on Monday, October 10th. Shareholders of record on Thursday, August 25th were given a dividend of GBX 10.10 ($0.12) per share. The ex-dividend date of this dividend was Thursday, August 25th. This represents a yield of 1.84%.
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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