Hammerson (LON:HMSO) had its price target decreased by Liberum Capital from GBX 480 ($6.27) to GBX 390 ($5.10) in a research report released on Wednesday. Liberum Capital currently has a hold rating on the real estate investment trust’s stock.
Other analysts have also issued reports about the company. Deutsche Bank reaffirmed a hold rating on shares of Hammerson in a research report on Monday, October 22nd. Barclays lowered Hammerson to an underweight rating and dropped their target price for the stock from GBX 500 ($6.53) to GBX 410 ($5.36) in a research report on Wednesday, November 7th. Citigroup dropped their target price on Hammerson from GBX 539 ($7.04) to GBX 465 ($6.08) and set a neutral rating on the stock in a research report on Wednesday, October 17th. UBS Group dropped their target price on Hammerson from GBX 490 ($6.40) to GBX 375 ($4.90) and set a neutral rating on the stock in a research report on Friday, December 14th. Finally, AlphaValue lowered Hammerson to a reduce rating in a research report on Friday, December 21st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 515.62 ($6.74).
LON:HMSO opened at GBX 340 ($4.44) on Wednesday. Hammerson has a 12 month low of GBX 430.40 ($5.62) and a 12 month 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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