Jefferies Group LLC Reaffirms “Underperform” Rating for Hammerson plc (HMSO)

Jefferies Group LLC reissued their underperform rating on shares of Hammerson plc (LON:HMSO) in a research report report published on Friday, Marketbeat reports. They currently have a GBX 464 ($6.10) price target on the real estate investment trust’s stock.

Several other equities analysts also recently weighed in on HMSO. J P Morgan Chase & Co reaffirmed an overweight rating and issued a GBX 725 ($9.54) target price on shares of Hammerson in a research report on Tuesday, October 24th. Liberum Capital reaffirmed a hold rating and issued a GBX 610 ($8.02) target price on shares of Hammerson in a research report on Wednesday, November 22nd. Deutsche Bank AG lifted their target price on Hammerson from GBX 630 ($8.29) to GBX 650 ($8.55) and gave the company a buy rating in a research report on Wednesday, August 2nd. Goldman Sachs Group Inc reaffirmed a neutral rating and issued a GBX 600 ($7.89) target price on shares of Hammerson in a research report on Wednesday, September 27th. Finally, Beaufort Securities reaffirmed a hold rating on shares of Hammerson in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 598.18 ($7.87).

Hammerson (LON:HMSO) opened at GBX 515 ($6.77) on Friday. Hammerson has a 52-week low of GBX 512 ($6.73) and a 52-week high of GBX 614.50 ($8.08).

In related news, insider Timon Drakesmith acquired 114 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was acquired at an average price of GBX 534 ($7.02) per share, for a total transaction of £608.76 ($800.68).

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Hammerson 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.

Analyst Recommendations for Hammerson (LON:HMSO)

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