Hammerson (OTCMKTS:HMSNF) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Hammerson (OTCMKTS:HMSNF) from a buy rating to a hold rating in a research report released on Wednesday morning, Zacks.com reports.

According to Zacks, “Hammerson plc is a real estate investment trust. The company’s portfolio includes commercial buildings, offices and shopping centers. It operates primarily in United Kingdom, Germany and France. Hammerson plc is based in London, the United Kingdom. “

Several other equities research analysts have also commented on HMSNF. HSBC reaffirmed a reduce rating on shares of Hammerson in a report on Thursday, June 25th. Barclays upgraded Hammerson from an underweight rating to an overweight rating in a research note on Wednesday, April 15th. Morgan Stanley lowered Hammerson from an equal weight rating to an underweight rating in a report on Monday, May 11th. Goldman Sachs Group reissued a neutral rating on shares of Hammerson in a report on Friday, April 3rd. Finally, Liberum Capital cut shares of Hammerson from a hold rating to a sell rating in a research note on Tuesday, May 5th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $2.00.

Shares of HMSNF stock opened at $1.02 on Wednesday. Hammerson has a fifty-two week low of $0.55 and a fifty-two week high of $4.29. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.67 and a quick ratio of 0.67. The stock’s 50-day simple moving average is $1.24 and its 200-day simple moving average is $2.00.

Hammerson Company Profile

We are an owner, manager and developer of retail destinations in Europe. Our portfolio includes investments in 22 prime shopping centres in the UK, Ireland and France, 15 convenient retail parks in the UK and 20 premium outlets across Europe.

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Analyst Recommendations for Hammerson (OTCMKTS:HMSNF)

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