Hammerson (HMSO) Stock Rating Reaffirmed by Peel Hunt

Hammerson (LON:HMSO)‘s stock had its “hold” rating reissued by equities researchers at Peel Hunt in a report issued on Tuesday, ThisIsMoney.Co.Uk reports.

Other equities analysts have also recently issued reports about the stock. Deutsche Bank reiterated a “buy” rating on shares of Hammerson in a research note on Tuesday, February 26th. HSBC reduced their price objective on shares of Hammerson from GBX 543 ($7.10) to GBX 400 ($5.23) and set a “buy” rating for the company in a research report on Thursday, March 28th. Morgan Stanley upped their price objective on shares of Hammerson from GBX 400 ($5.23) to GBX 420 ($5.49) and gave the stock an “equal weight” rating in a research report on Thursday, March 14th. Liberum Capital restated a “hold” rating and set a GBX 390 ($5.10) price objective on shares of Hammerson in a research report on Monday, February 25th. Finally, Goldman Sachs Group reduced their price objective on shares of Hammerson from GBX 367 ($4.80) to GBX 345 ($4.51) and set a “neutral” rating for the company in a research report on Tuesday, March 19th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 398.43 ($5.21).

HMSO opened at GBX 290.40 ($3.79) on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.71 and a debt-to-equity ratio of 58.29. Hammerson has a 1 year low of GBX 285.80 ($3.73) and a 1 year high of GBX 561.40 ($7.34). The firm has a market capitalization of $2.25 billion and a P/E ratio of -8.52.

In other Hammerson news, insider David Atkins bought 17,000 shares of Hammerson stock in a transaction dated Tuesday, May 14th. The stock was acquired at an average cost of GBX 295 ($3.85) per share, for a total transaction of £50,150 ($65,529.86). Also, insider Timon Drakesmith sold 32,202 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of GBX 316 ($4.13), for a total transaction of £101,758.32 ($132,965.27).

Hammerson Company Profile

We are an owner, manager and developer of retail destinations in Europe. Our portfolio includes investments in 22 prime shopping centres in the UK, Ireland and France, 15 convenient retail parks in the UK and 20 premium outlets across Europe.

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Analyst Recommendations for Hammerson (LON:HMSO)

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