Hammerson (HMSO) Price Target Cut to GBX 390
Hammerson (LON:HMSO) had its price objective dropped by research analysts at Liberum Capital from GBX 480 ($6.27) to GBX 390 ($5.10) in a report released on Wednesday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Liberum Capital’s price objective points to a potential upside of 14.37% from the stock’s previous close.
Other research analysts have also issued research reports about the company. HSBC dropped their target price on Hammerson from GBX 618 ($8.08) to GBX 543 ($7.10) and set a “buy” rating on the stock in a report on Wednesday, January 2nd. UBS Group dropped their target price on Hammerson from GBX 490 ($6.40) to GBX 375 ($4.90) and set a “neutral” rating on the stock in a report on Friday, December 14th. Barclays lowered Hammerson to an “underweight” rating and dropped their target price for the company from GBX 500 ($6.53) to GBX 410 ($5.36) in a report on Wednesday, November 7th. Credit Suisse Group raised Hammerson to an “outperform” rating in a report on Wednesday, November 14th. Finally, Citigroup dropped their target price on Hammerson from GBX 539 ($7.04) to GBX 465 ($6.08) and set a “neutral” rating on the stock in a report on Wednesday, October 17th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 515.62 ($6.74).
HMSO opened at GBX 341 ($4.46) on Wednesday. Hammerson has a 52 week low of GBX 430.40 ($5.62) and a 52 week high of £523.38 ($683.89).
Hammerson is an owner, manager and developer of retail destinations in Europe. Our portfolio of high- quality retail property has a value of around £10.6 billion and includes 22 prime shopping centres, 15 convenient retail parks and investments in 20 premium outlet villages, through our partnership with Value Retail and the VIA Outlets joint venture.
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