Hammerson plc (HMSO) Earns Buy Rating from Deutsche Bank AG
Deutsche Bank AG restated their buy rating on shares of Hammerson plc (LON:HMSO) in a report issued on Monday morning. The firm currently has a GBX 665 ($8.68) price objective on the real estate investment trust’s stock.
Other equities research analysts have also issued research reports about the company. BNP Paribas reaffirmed a neutral rating and set a GBX 530 ($6.92) price target on shares of Hammerson plc in a research note on Monday, June 27th. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 730 ($9.53) price target on shares of Hammerson plc in a research note on Tuesday, July 26th. Citigroup Inc. reaffirmed a buy rating and set a GBX 647 ($8.45) price target on shares of Hammerson plc in a research note on Monday, July 18th. Barclays PLC dropped their price target on Hammerson plc from GBX 690 ($9.01) to GBX 580 ($7.57) and set an equal weight rating for the company in a research note on Thursday, July 7th. Finally, Credit Suisse Group AG dropped their price target on Hammerson plc from GBX 630 ($8.22) to GBX 610 ($7.96) and set an outperform rating for the company in a research note on Friday, June 17th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of GBX 624.33 ($8.15).
Hammerson plc (LON:HMSO) opened at 581.00 on Monday. Hammerson plc has a one year low of GBX 400.00 and a one year high of GBX 650.50. The company’s market cap is GBX 4.57 billion. The firm has a 50-day moving average price of GBX 572.01 and a 200 day moving average price of GBX 565.29.
The business also recently declared a dividend, which will be paid on Monday, October 10th. Stockholders of record on Thursday, August 25th will be given a GBX 10.10 ($0.13) dividend. The ex-dividend date of this dividend is Thursday, August 25th. This represents a dividend yield of 1.84%.
In related news, insider Drakesmith,Timon purchased 275 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were purchased at an average cost of GBX 545 ($7.11) per share, with a total value of £1,498.75 ($1,956.34). Also, insider Bouchut,Pierre purchased 20,000 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was bought at an average cost of GBX 554 ($7.23) per share, for a total transaction of £110,800 ($144,628.64).
Hammerson plc Company Profile
Hammerson plc is a United Kingdom-based real estate investment trust (REIT). The Company is an owner, manager and developer of retail destinations in Europe. The Company’s segments are United Kingdom (UK) and France. The Company’s properties include shopping centers, convenient retail parks and premium outlet villages.
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