Hammerson plc (HMSO) Given Average Rating of “Hold” by Brokerages
Hammerson plc (LON:HMSO) has earned a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 514.29 ($6.72).
Several equities research analysts have recently issued reports on HMSO shares. Barclays decreased their price objective on shares of Hammerson from GBX 520 ($6.79) to GBX 500 ($6.53) and set an “equal weight” rating for the company in a research report on Monday, August 6th. Morgan Stanley cut shares of Hammerson to an “equal weight” rating and reduced their price target for the company from GBX 600 ($7.84) to GBX 565 ($7.38) in a research report on Thursday, July 26th. Numis Securities reissued a “hold” rating on shares of Hammerson in a research report on Monday, August 6th. Liberum Capital reduced their price target on shares of Hammerson from GBX 570 ($7.45) to GBX 540 ($7.06) and set a “hold” rating for the company in a research report on Thursday, July 26th. Finally, Peel Hunt reissued a “hold” rating on shares of Hammerson in a research report on Tuesday, November 6th.
Hammerson stock opened at GBX 418.70 ($5.47) on Thursday. Hammerson has a 12-month low of GBX 430.40 ($5.62) and a 12-month high of £523.38 ($683.89).
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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