Brokerages Set Hammerson plc (HMSO) Target Price at $597.42
Hammerson plc (LON:HMSO) has earned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 597.67 ($7.80).
A number of equities analysts have commented on the stock. HSBC Holdings plc lifted their price objective on shares of Hammerson plc from GBX 658 ($8.59) to GBX 668 ($8.72) and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a GBX 615 ($8.03) price target on shares of Hammerson plc in a report on Tuesday, April 18th. BNP Paribas restated a “neutral” rating and issued a GBX 600 ($7.83) price target on shares of Hammerson plc in a report on Monday, April 3rd. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 725 ($9.47) price objective on shares of Hammerson plc in a research report on Wednesday, March 29th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Hammerson plc in a research report on Friday, June 30th.
In other Hammerson plc news, insider Jean-Philippe Mouton sold 11,894 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of GBX 584 ($7.63), for a total transaction of £69,460.96 ($90,703.79). Also, insider Timon Drakesmith sold 101,005 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of GBX 578 ($7.55), for a total transaction of £583,808.90 ($762,351.66). Insiders have sold 172,690 shares of company stock worth $99,945,975 in the last three months.
Hammerson plc (LON:HMSO) traded up 0.76% during midday trading on Monday, reaching GBX 594.50. The company’s stock had a trading volume of 2,073,433 shares. The company’s market cap is GBX 4.71 billion. Hammerson plc has a 12 month low of GBX 527.79 and a 12 month high of GBX 614.50. The stock has a 50-day moving average price of GBX 584.54 and a 200 day moving average price of GBX 577.79.
About Hammerson plc
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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