Hammerson (LON:HMSO) was downgraded by analysts at Barclays to an “underweight” rating in a research report issued to clients and investors on Wednesday. They currently have a GBX 410 ($5.36) target price on the real estate investment trust’s stock, down from their previous target price of GBX 500 ($6.53). Barclays’ target price suggests a potential downside of 7.51% from the company’s previous close.
HMSO has been the topic of several other research reports. Credit Suisse Group cut Hammerson to an “underperform” rating and decreased their target price for the stock from GBX 550 ($7.19) to GBX 540 ($7.06) in a report on Thursday, August 23rd. Deutsche Bank restated a “hold” rating on shares of Hammerson in a report on Monday, October 22nd. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 640 ($8.36) target price on shares of Hammerson in a report on Thursday, September 6th. UBS Group cut Hammerson to a “neutral” rating and decreased their target price for the stock from GBX 600 ($7.84) to GBX 490 ($6.40) in a report on Wednesday, September 5th. Finally, Liberum Capital restated a “hold” rating on shares of Hammerson in a report on Monday, October 8th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 539.62 ($7.05).
Hammerson stock opened at GBX 443.30 ($5.79) on Wednesday. Hammerson has a 52-week low of GBX 430.40 ($5.62) and a 52-week high of £523.38 ($683.89).
Hammerson is an owner, manager and developer of retail destinations in Europe. Our portfolio of high- quality retail property has a value of around £10.6 billion and includes 22 prime shopping centres, 15 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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