Barclays cut shares of Hammerson (LON:HMSO) to an underweight rating in a research report released on Wednesday. The brokerage currently has GBX 410 ($5.36) price objective on the real estate investment trust’s stock, down from their prior price objective of GBX 500 ($6.53).
A number of other research analysts also recently weighed in on HMSO. Liberum Capital reduced their target price on shares of Hammerson from GBX 570 ($7.45) to GBX 540 ($7.06) and set a hold rating for the company in a research report on Thursday, July 26th. Peel Hunt reissued a hold rating on shares of Hammerson in a research report on Monday, July 23rd. Numis Securities reissued a hold rating and set a GBX 590 ($7.71) target price on shares of Hammerson in a research report on Monday, July 23rd. Morgan Stanley downgraded shares of Hammerson to an equal weight rating and reduced their target price for the company from GBX 600 ($7.84) to GBX 565 ($7.38) in a research report on Thursday, July 26th. Finally, Citigroup reduced their target price on shares of Hammerson from GBX 539 ($7.04) to GBX 465 ($6.08) and set a neutral rating for the company in a research report on Wednesday, October 17th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of GBX 539.62 ($7.05).
Shares of Hammerson stock traded up GBX 3.60 ($0.05) on Wednesday, reaching GBX 445.50 ($5.82). 1,895,219 shares of the company traded hands, compared to its average volume of 5,840,000. Hammerson has a 52 week low of GBX 430.40 ($5.62) and a 52 week 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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