Hammerson (HMSO) Price Target Cut to GBX 590 by Analysts at Canaccord Genuity
Hammerson (LON:HMSO) had its price objective cut by Canaccord Genuity from GBX 655 ($8.82) to GBX 590 ($7.94) in a research note issued to investors on Friday. They currently have a buy rating on the real estate investment trust’s stock.
HMSO has been the topic of a number of other research reports. Peel Hunt reaffirmed a hold rating and set a GBX 550 ($7.40) target price on shares of Hammerson in a research report on Wednesday, December 6th. Goldman Sachs Group raised shares of Hammerson to a buy rating and set a GBX 625 ($8.41) target price on the stock in a research report on Friday, December 8th. Liberum Capital reissued a hold rating and issued a GBX 610 ($8.21) price target on shares of Hammerson in a report on Wednesday, December 6th. J P Morgan Chase & Co reissued an overweight rating and issued a GBX 725 ($9.76) price target on shares of Hammerson in a report on Friday, November 10th. Finally, Deutsche Bank reissued a buy rating and issued a GBX 650 ($8.75) price target on shares of Hammerson in a report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of GBX 599.58 ($8.07).
Shares of Hammerson (LON HMSO) traded down GBX 0.50 ($0.01) during mid-day trading on Friday, reaching GBX 534 ($7.19). 1,070,182 shares of the company were exchanged, compared to its average volume of 4,360,000. Hammerson has a fifty-two week low of GBX 493.50 ($6.64) and a fifty-two week high of £523.38 ($704.41). The company has a market capitalization of $4,260.00 and a price-to-earnings ratio of 953.57.
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Hammerson plc is a real estate investment trust (REIT). The Company is an owner, manager and developer of retail destinations in Europe. The Company’s segments include United Kingdom, France and Ireland. The Company’s portfolio includes investments in approximately 20 prime shopping centers in the United Kingdom, France and Ireland, over 20 convenient retail parks in the United Kingdom and approximately 20 premium outlets across Europe.
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