Hammerson plc (LON:HMSO) had its price target dropped by stock analysts at Deutsche Bank AG from GBX 725 ($9.66) to GBX 665 ($8.86) in a report issued on Tuesday. The firm presently has a “buy” rating on the real estate investment trust’s stock. Deutsche Bank AG’s price objective indicates a potential upside of 15.45% from the company’s current price.
Other equities analysts have also recently issued research reports about the company. Goldman Sachs Group Inc. reiterated a “buy” rating and set a GBX 571 ($7.61) price target on shares of Hammerson plc in a report on Thursday, May 19th. Societe Generale reiterated a “buy” rating and set a GBX 620 ($8.26) price target on shares of Hammerson plc in a report on Tuesday, July 5th. Citigroup Inc. reiterated a “buy” rating and set a GBX 647 ($8.62) price target on shares of Hammerson plc in a report on Monday, July 18th. Barclays PLC reduced their price target on Hammerson plc from GBX 690 ($9.19) to GBX 580 ($7.73) and set an “equal weight” rating for the company in a report on Thursday, July 7th. Finally, Morgan Stanley lifted their price target on Hammerson plc from GBX 510 ($6.79) to GBX 575 ($7.66) and gave the stock an “equal weight” rating in a report on Wednesday, August 31st. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of GBX 624.33 ($8.32).
Shares of Hammerson plc (LON:HMSO) opened at 576.00 on Tuesday. The firm’s market capitalization is GBX 4.53 billion. Hammerson plc has a 12-month low of GBX 400.00 and a 12-month high of GBX 650.50. The company’s 50-day moving average price is GBX 569.81 and its 200-day moving average price is GBX 564.59.
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The company also recently disclosed a dividend, which will be paid on Monday, October 10th. Shareholders of record on Thursday, August 25th will be given a dividend of GBX 10.10 ($0.13) per share. The ex-dividend date is Thursday, August 25th. This represents a yield of 1.84%.
In related news, insider Drakesmith,Timon purchased 275 shares of the stock in a transaction dated Thursday, August 4th. The stock was bought at an average cost of GBX 545 ($7.26) per share, for a total transaction of £1,498.75 ($1,996.20). Also, insider Bouchut,Pierre purchased 20,000 shares of the stock in a transaction dated Friday, July 29th. The shares were bought at an average price of GBX 554 ($7.38) per share, with a total value of £110,800 ($147,575.92).
Hammerson plc Company Profile
Hammerson plc is a United Kingdom-based real estate investment trust (REIT). The Company is an owner, manager and developer of retail destinations in Europe. The Company’s segments are United Kingdom (UK) and France. The Company’s properties include shopping centers, convenient retail parks and premium outlet villages.
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