Hammerson (HMSO) Rating Increased to Buy at Goldman Sachs Group

Hammerson (LON:HMSO) was upgraded by stock analysts at Goldman Sachs Group to a “buy” rating in a note issued to investors on Friday.

Other analysts have also issued research reports about the stock. Deutsche Bank reiterated a “buy” rating and issued a GBX 650 ($8.75) price objective on shares of Hammerson in a research note on Monday, September 11th. Peel Hunt reiterated a “hold” rating and issued a GBX 550 ($7.40) price objective on shares of Hammerson in a research note on Thursday, November 9th. Liberum Capital reiterated a “hold” rating and issued a GBX 610 ($8.21) price objective on shares of Hammerson in a research note on Thursday, November 9th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 725 ($9.76) price objective on shares of Hammerson in a research note on Friday, November 10th. Finally, Numis Securities reiterated a “reduce” rating and issued a GBX 518 ($6.97) price objective on shares of Hammerson in a research note on Wednesday, September 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 598.18 ($8.05).

Shares of Hammerson (LON:HMSO) opened at GBX 523.93 ($7.05) on Friday. Hammerson has a 52 week low of GBX 493.50 ($6.64) and a 52 week high of GBX 614.50 ($8.27).

In other news, insider Timon Drakesmith purchased 114 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The shares were bought at an average price of GBX 534 ($7.19) per share, for a total transaction of £608.76 ($819.33).

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About Hammerson

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 (LON:HMSO)

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