Hammerson (HMSO) Price Target Lowered to GBX 600 at Deutsche Bank
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).
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.
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