Hammerson (LON:HMSO) had its target price reduced by stock analysts at Deutsche Bank from GBX 650 ($9.07) to GBX 600 ($8.37) in a research note issued on Thursday. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Deutsche Bank’s target price points to a potential upside of 9.89% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Peel Hunt reaffirmed a “hold” rating and issued a GBX 525 ($7.32) price objective on shares of Hammerson in a report on Wednesday, April 11th. Morgan Stanley decreased their price target on Hammerson from GBX 650 ($9.07) to GBX 520 ($7.25) and set an “overweight” rating on the stock in a research note on Tuesday, March 13th. Barclays raised Hammerson to an “equal weight” rating and boosted their price target for the stock from GBX 450 ($6.28) to GBX 520 ($7.25) in a research note on Thursday, April 19th. Jefferies Group reissued an “underperform” rating and set a GBX 440 ($6.14) price target on shares of Hammerson in a research note on Thursday, January 18th. Finally, Numis Securities reissued a “reduce” rating and set a GBX 518 ($7.22) price target on shares of Hammerson in a research note on Monday, February 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Hammerson presently has a consensus rating of “Hold” and a consensus target price of GBX 566.08 ($7.90).

Shares of HMSO opened at GBX 546 ($7.62) on Thursday. Hammerson has a twelve month low of GBX 430.40 ($6.00) and a twelve month high of £523.38 ($729.96).

Hammerson (LON:HMSO) last announced its quarterly earnings data on Monday, February 26th. The real estate investment trust reported GBX 31.10 ($0.43) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 30.90 ($0.43) by GBX 0.20 ($0.00). Hammerson had a return on equity of 3.36% and a net margin of 97.06%. The company had revenue of £248.90 million for the quarter.

In other news, insider Timon Drakesmith purchased 15,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average price of GBX 461 ($6.43) per share, with a total value of £69,150 ($96,443.51).

Hammerson Company Profile

Hammerson is a FTSE 100 owner, manager and developer of retail destinations in Europe. Our portfolio of high-quality retail property has a value of around £10.5 billion and includes 23 prime shopping centres, 17 convenient retail parks and investments in 20 premium outlet villages, through our partnership with Value Retail and the VIA Outlets joint venture.

Analyst Recommendations for Hammerson (LON:HMSO)

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