Hammerson plc (HMSO) Hits New 1-Year Low at $526.00

Hammerson plc (LON:HMSO) shares hit a new 52-week low during trading on Monday . The stock traded as low as GBX 526 ($6.92) and last traded at GBX 526.50 ($6.92), with a volume of 2,008,126 shares traded. The stock had previously closed at GBX 534 ($7.02).

Several brokerages recently commented on HMSO. Liberum Capital increased their target price on shares of Hammerson plc from GBX 600 ($7.89) to GBX 610 ($8.02) and gave the stock a “hold” rating in a report on Tuesday, August 1st. Deutsche Bank AG increased their target price on shares of Hammerson plc from GBX 630 ($8.28) to GBX 650 ($8.55) and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Beaufort Securities restated a “hold” rating on shares of Hammerson plc in a report on Thursday, July 27th. Credit Suisse Group restated an “outperform” rating and set a GBX 605 ($7.95) target price on shares of Hammerson plc in a report on Thursday, July 27th. Finally, Numis Securities Ltd restated a “reduce” rating and set a GBX 511 ($6.72) target price on shares of Hammerson plc in a report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 599 ($7.88).

The stock’s market capitalization is GBX 4.20 billion. The company’s 50 day moving average price is GBX 546.61 and its 200 day moving average price is GBX 573.65.

The company also recently disclosed a dividend, which was paid on Monday, October 9th. Shareholders of record on Thursday, August 31st were issued a dividend of GBX 10.70 ($0.14) per share. This represents a yield of 1.84%. The ex-dividend date of this dividend was Thursday, August 31st.

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Hammerson plc Company Profile

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.

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