J P Morgan Chase & Co reissued their overweight rating on shares of Hammerson plc (LON:HMSO) in a research report report published on Friday morning. The firm currently has a GBX 725 ($9.54) price objective on the real estate investment trust’s stock.
HMSO has been the subject of a number of other reports. Liberum Capital increased their target price on shares of Hammerson plc from GBX 600 ($7.89) to GBX 610 ($8.02) and gave the company a hold rating in a research report on Tuesday, August 1st. Deutsche Bank AG increased their target price on shares of Hammerson plc from GBX 630 ($8.29) to GBX 650 ($8.55) and gave the company a buy rating in a research report on Wednesday, August 2nd. Beaufort Securities reiterated a hold rating on shares of Hammerson plc in a research report on Thursday, July 27th. Credit Suisse Group reiterated an outperform rating and issued a GBX 605 ($7.96) target price on shares of Hammerson plc in a research report on Thursday, July 27th. Finally, Numis Securities Ltd reiterated a reduce rating and issued a GBX 511 ($6.72) target price on shares of Hammerson plc in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Hammerson plc presently has an average rating of Hold and an average price target of GBX 599 ($7.88).
Shares of Hammerson plc (LON HMSO) traded down GBX 4.50 ($0.06) during midday trading on Friday, hitting GBX 524 ($6.89). 3,923,667 shares of the stock were exchanged, compared to its average volume of 2,490,000. Hammerson plc has a 1-year low of GBX 512 ($6.73) and a 1-year high of GBX 614.50 ($8.08).
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In other news, insider Timon Drakesmith acquired 114 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was purchased at an average cost of GBX 534 ($7.02) per share, for a total transaction of £608.76 ($800.68).
Hammerson plc Company Profile
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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