Hansteen (LON:HSTN)‘s stock had its “underweight” rating reissued by equities researchers at JPMorgan Chase & Co. in a research note issued to investors on Monday. They presently have a GBX 134 ($1.82) price target on the real estate investment trust’s stock. JPMorgan Chase & Co.’s price target suggests a potential downside of 6.10% from the company’s current price.
HSTN has been the subject of a number of other research reports. Peel Hunt downgraded shares of Hansteen to an “add” rating and increased their price target for the company from GBX 135 ($1.83) to GBX 138 ($1.87) in a report on Thursday, November 9th. Numis Securities reaffirmed an “under review” rating on shares of Hansteen in a report on Wednesday, October 4th. Finally, Liberum Capital reaffirmed a “hold” rating and issued a GBX 140 ($1.90) price target on shares of Hansteen in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 137 ($1.86).
Hansteen (LON HSTN) opened at GBX 142.70 ($1.94) on Monday. Hansteen has a 12-month low of GBX 107.20 ($1.45) and a 12-month high of GBX 147.90 ($2.01). The firm has a market capitalization of $588.45 and a PE ratio of 1,585.56.
In related news, insider Ian Richard Watson sold 618,033 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of GBX 140 ($1.90), for a total value of £865,246.20 ($1,173,374.29).
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Hansteen Company Profile
Hansteen Holdings PLC is a real estate investment trust (REIT). The Company’s principal activities consist of property investment, development, management and associated business, focusing on industrial property investments in Continental Europe and the United Kingdom. The Company’s segments are its geographical locations, which include Belgium, France, Germany, Netherlands and the United Kingdom.
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