Hammerson (HMSO) Rating Reiterated by Jefferies Group
Hammerson (LON:HMSO)‘s stock had its “underperform” rating reissued by stock analysts at Jefferies Group in a research report issued on Thursday. They currently have a GBX 440 ($5.97) price objective on the real estate investment trust’s stock. Jefferies Group’s target price points to a potential downside of 11.79% from the stock’s current price.
Several other equities analysts also recently commented on the company. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 725 ($9.83) price target on shares of Hammerson in a report on Friday, November 10th. Goldman Sachs Group upgraded Hammerson to a “buy” rating and set a GBX 625 ($8.48) price target on the stock in a report on Friday, December 8th. Liberum Capital reiterated a “hold” rating and set a GBX 610 ($8.27) price target on shares of Hammerson in a report on Wednesday, November 22nd. Canaccord Genuity lowered their price target on Hammerson from GBX 655 ($8.88) to GBX 590 ($8.00) and set a “buy” rating on the stock in a report on Friday, December 22nd. Finally, Deutsche Bank reiterated a “buy” rating and set a GBX 650 ($8.81) price target on shares of Hammerson in a report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Hammerson has a consensus rating of “Hold” and a consensus target price of GBX 595.50 ($8.08).
Shares of Hammerson (LON HMSO) traded down GBX 10.40 ($0.14) during mid-day trading on Thursday, reaching GBX 498.80 ($6.76). The company’s stock had a trading volume of 4,155,046 shares, compared to its average volume of 4,660,000. Hammerson has a one year low of GBX 493.50 ($6.69) and a one year high of £523.38 ($709.76). The firm has a market capitalization of $3,990.00 and a P/E ratio of 890.71.
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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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