Hammerson’s (HMSO) Hold Rating Reaffirmed at Peel Hunt

Peel Hunt reissued their hold rating on shares of Hammerson (LON:HMSO) in a report issued on Wednesday morning. They currently have a GBX 550 ($7.40) price objective on the real estate investment trust’s stock.

Other equities research analysts also recently issued reports about the company. Liberum Capital reiterated a hold rating and issued a GBX 610 ($8.21) price target on shares of Hammerson in a report on Wednesday. Goldman Sachs Group reiterated a neutral rating and issued a GBX 600 ($8.08) price target on shares of Hammerson in a report on Wednesday, September 27th. Numis Securities restated a reduce rating and set a GBX 518 ($6.97) price objective on shares of Hammerson in a research note on Wednesday, September 13th. Deutsche Bank restated a buy rating and set a GBX 650 ($8.75) price objective on shares of Hammerson in a research note on Monday, October 23rd. Finally, Jefferies Group restated an underperform rating and set a GBX 464 ($6.24) price objective on shares of Hammerson in a research note on Friday, November 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 598.18 ($8.05).

Shares of Hammerson (HMSO) traded down GBX 2.95 ($0.04) during midday trading on Wednesday, hitting GBX 508 ($6.84). The stock had a trading volume of 8,994,721 shares, compared to its average volume of 3,600,000. Hammerson has a 1-year low of GBX 493.50 ($6.64) and a 1-year high of GBX 614.50 ($8.27).

In related news, insider Timon Drakesmith acquired 114 shares of the stock in a transaction that occurred on Monday, October 9th. The stock was purchased at an average cost of GBX 534 ($7.19) per share, for a total transaction of £608.76 ($819.33).

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About Hammerson

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.

Analyst Recommendations for Hammerson (LON:HMSO)

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