Hammerson (OTCMKTS:HMSNF) Shares Gap Up – What’s Next?

Hammerson PLC (OTCMKTS:HMSNF)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $3.6780, but opened at $3.90. Hammerson shares last traded at $3.90, with a volume of 100 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HMSNF shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hammerson in a report on Monday, November 24th. Barclays reiterated an “overweight” rating on shares of Hammerson in a research report on Monday, December 8th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Hammerson in a research note on Friday, December 5th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Hammerson Trading Up 12.5%

The firm’s 50-day simple moving average is $3.89 and its 200 day simple moving average is $3.90.

Hammerson Company Profile

Hammerson PLC is a UK-based real estate investment trust that specializes in owning, managing and developing retail property assets. Its portfolio encompasses shopping centres, retail parks and outlet destinations, catering to a diverse mix of fashion, leisure and convenience retailers. The company’s assets are designed to deliver high-quality experiences for consumers while generating consistent rental income from a broad tenant base.

With a primary focus on the United Kingdom and Ireland, Hammerson also maintains a presence across key European markets, including France and Germany.