Hammerson (HMSO) Given “Underperform” Rating at Jefferies Group

Jefferies Group reaffirmed their underperform rating on shares of Hammerson (LON:HMSO) in a report published on Thursday morning. Jefferies Group currently has a GBX 440 ($5.97) price objective on the real estate investment trust’s stock.

Several other research analysts have also recently weighed in on the stock. Peel Hunt reiterated a hold rating and set a GBX 525 ($7.12) price target (down previously from GBX 550 ($7.46)) on shares of Hammerson in a research note on Wednesday. Liberum Capital reiterated a hold rating and set a GBX 610 ($8.27) price target on shares of Hammerson in a research note on Monday, January 8th. Canaccord Genuity dropped their price target on shares of Hammerson from GBX 655 ($8.88) to GBX 590 ($8.00) and set a buy rating on the stock in a research note on Friday, December 22nd. Goldman Sachs Group upgraded shares of Hammerson to a buy rating and set a GBX 625 ($8.48) price target on the stock in a research note on Friday, December 8th. Finally, JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 725 ($9.83) price target on shares of Hammerson in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of GBX 595.25 ($8.07).

Shares of Hammerson (LON:HMSO) traded down GBX 1.60 ($0.02) during trading on Thursday, hitting GBX 499 ($6.77). 7,843,163 shares of the stock traded hands, compared to its average volume of 4,300,000. The stock has a market cap of $3,960.00 and a PE ratio of 891.07. Hammerson has a 1-year low of GBX 493.10 ($6.69) and a 1-year high of £523.38 ($709.76).

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About Hammerson

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.

Analyst Recommendations for Hammerson (LON:HMSO)

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