Deutsche Bank AG Increases Hammerson plc (HMSO) Price Target to GBX 650

Hammerson plc (LON:HMSO) had its target price raised by Deutsche Bank AG from GBX 630 ($8.31) to GBX 650 ($8.57) in a report released on Wednesday morning, MarketBeat.com reports. They currently have a buy rating on the real estate investment trust’s stock.

HMSO has been the subject of a number of other reports. J P Morgan Chase & Co reaffirmed an overweight rating and issued a GBX 725 ($9.56) price target on shares of Hammerson plc in a report on Tuesday, April 11th. Beaufort Securities reiterated a hold rating on shares of Hammerson plc in a research report on Thursday, July 27th. Liberum Capital reiterated a hold rating and issued a GBX 600 ($7.91) price objective on shares of Hammerson plc in a research report on Wednesday, July 26th. Barclays PLC reiterated an equal weight rating and issued a GBX 590 ($7.78) price objective on shares of Hammerson plc in a research report on Tuesday, June 13th. Finally, HSBC Holdings plc increased their price objective on Hammerson plc from GBX 658 ($8.68) to GBX 668 ($8.81) and gave the stock a buy rating in a research report on Tuesday, April 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. Hammerson plc presently has a consensus rating of Hold and an average price target of GBX 601.08 ($7.93).

Hammerson plc (LON:HMSO) opened at 577.50 on Wednesday. The firm has a 50-day moving average price of GBX 583.25 and a 200 day moving average price of GBX 578.82. Hammerson plc has a one year low of GBX 527.50 and a one year high of GBX 614.50. The firm’s market capitalization is GBX 4.58 billion.

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The company also recently declared a dividend, which will be paid on Monday, October 9th. Shareholders of record on Thursday, August 31st will be given a dividend of GBX 10.70 ($0.14) per share. The ex-dividend date is Thursday, August 31st. This represents a yield of 1.84%.

In other news, insider Timon Drakesmith sold 101,005 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of GBX 578 ($7.62), for a total transaction of £583,808.90 ($770,094.84). Also, insider Jean-Philippe Mouton sold 11,894 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of GBX 584 ($7.70), for a total value of £69,460.96 ($91,625.06). Insiders have sold 172,690 shares of company stock worth $99,945,975 in the last 90 days.

About Hammerson plc

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 plc (LON:HMSO)

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