Zacks Investment Research upgraded shares of Hammerson (NASDAQ:HMSNF) from a hold rating to a buy rating in a research note released on Tuesday morning. The brokerage currently has $8.50 target price on the stock.

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. “

Hammerson (HMSNF) traded down 2.25% during trading on Tuesday, reaching $7.37. The company’s stock had a trading volume of 166 shares. The company’s 50-day moving average is $7.43 and its 200-day moving average is $7.32. Hammerson has a 12 month low of $6.48 and a 12 month high of $7.74. The stock has a market cap of $5.84 billion and a PE ratio of 10.28.

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