Hammerson plc’s (HMSO) “Neutral” Rating Reiterated at BNP Paribas
BNP Paribas reiterated their neutral rating on shares of Hammerson plc (LON:HMSO) in a report issued on Monday morning. They currently have a GBX 580 ($7.57) price objective on the real estate investment trust’s stock.
A number of other research firms also recently issued reports on HMSO. Deutsche Bank AG dropped their price target on Hammerson plc from GBX 775 ($10.12) to GBX 725 ($9.46) and set a buy rating on the stock in a research report on Friday, June 24th. JPMorgan Chase & Co. increased their price target on Hammerson plc from GBX 730 ($9.53) to GBX 750 ($9.79) and gave the stock an overweight rating in a research report on Tuesday, September 6th. HSBC upped their price objective on Hammerson plc from GBX 576 ($7.52) to GBX 658 ($8.59) and gave the stock a buy rating in a research note on Friday, September 30th. Morgan Stanley upped their price objective on Hammerson plc from GBX 510 ($6.66) to GBX 575 ($7.51) and gave the stock an equal weight rating in a research note on Wednesday, August 31st. Finally, Numis Securities Ltd decreased their price objective on Hammerson plc from GBX 600 ($7.83) to GBX 574 ($7.49) and set a hold rating for the company in a research note on Tuesday, August 16th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of GBX 626.56 ($8.18).
Shares of Hammerson plc (LON:HMSO) opened at 567.50 on Monday. The company’s market capitalization is GBX 4.46 billion. The firm’s 50 day moving average price is GBX 579.54 and its 200-day moving average price is GBX 566.98. Hammerson plc has a 1-year low of GBX 400.00 and a 1-year high of GBX 650.50.
The business also recently announced a dividend, which will be paid on Monday, October 10th. Investors of record on Thursday, August 25th will be issued a dividend of GBX 10.10 ($0.13) per share. This represents a yield of 1.84%. The ex-dividend date is Thursday, August 25th.
In other Hammerson plc news, insider Bouchut,Pierre acquired 20,000 shares of the company’s stock in a transaction on Friday, July 29th. The shares were bought at an average cost of GBX 554 ($7.23) per share, with a total value of £110,800 ($144,628.64). Also, insider Drakesmith,Timon acquired 275 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was acquired at an average cost of GBX 545 ($7.11) per share, for a total transaction of £1,498.75 ($1,956.34).
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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