Hammerson (HMSO) Hits New 52-Week Low at $372.30

Hammerson plc (LON:HMSO) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 372.30 ($4.86) and last traded at GBX 380.80 ($4.98), with a volume of 2699071 shares changing hands. The stock had previously closed at GBX 375.90 ($4.91).

A number of research analysts have issued reports on HMSO shares. Credit Suisse Group raised Hammerson to an “outperform” rating in a research note on Wednesday, November 14th. Liberum Capital reissued a “hold” rating on shares of Hammerson in a research note on Friday, October 19th. Peel Hunt reissued a “hold” rating on shares of Hammerson in a research note on Tuesday, November 6th. UBS Group cut Hammerson to a “neutral” rating and decreased their target price for the company from GBX 600 ($7.84) to GBX 490 ($6.40) in a research note on Wednesday, September 5th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 640 ($8.36) target price on shares of Hammerson in a research note on Thursday, September 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 539.62 ($7.05).

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About Hammerson (LON:HMSO)

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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