Hammerson (LON:HMSO) had its target price lowered by research analysts at Peel Hunt from GBX 470 ($6.14) to GBX 400 ($5.23) in a research report issued to clients and investors on Monday, February 25th. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Peel Hunt’s price objective points to a potential upside of 17.47% from the company’s current price.
Several other equities analysts have also weighed in on HMSO. Liberum Capital restated a “hold” rating on shares of Hammerson in a research report on Monday, December 17th. Credit Suisse Group upgraded shares of Hammerson to an “outperform” rating in a research report on Wednesday, November 14th. JPMorgan Chase & Co. lowered shares of Hammerson to a “neutral” rating and reduced their price target for the company from GBX 610 ($7.97) to GBX 410 ($5.36) in a research report on Monday, January 21st. AlphaValue lowered shares of Hammerson to a “reduce” rating in a research report on Friday, December 21st. Finally, HSBC reduced their price target on shares of Hammerson from GBX 618 ($8.08) to GBX 543 ($7.10) and set a “buy” rating for the company in a research report on Wednesday, January 2nd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 423.92 ($5.54).
Shares of HMSO stock traded down GBX 8.60 ($0.11) on Monday, hitting GBX 340.50 ($4.45). The stock had a trading volume of 4,329,036 shares, compared to its average volume of 5,840,000. The company has a market cap of $2.60 billion and a P/E ratio of -9.99. The company has a debt-to-equity ratio of 56.43, a current ratio of 0.71 and a quick ratio of 0.58. Hammerson has a 12-month low of GBX 313.60 ($4.10) and a 12-month high of GBX 578.20 ($7.56).
In other news, insider Timon Drakesmith sold 13,447 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of GBX 380 ($4.97), for a total value of £51,098.60 ($66,769.37).
Hammerson Company Profile
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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