Hammerson’s (HMSO) Add Rating Reaffirmed at Peel Hunt

Peel Hunt reissued their add rating on shares of Hammerson (LON:HMSO) in a research note released on Tuesday morning, ThisIsMoney.Co.Uk reports.

Several other analysts also recently issued reports on the company. Royal Bank of Canada upped their price objective on from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the company an outperform rating in a research report on Monday, June 24th. Deutsche Bank upgraded Arista Networks from a sell rating to a hold rating and upped their price objective for the company from $190.00 to $225.00 in a research report on Tuesday, March 19th. Barclays set a €45.00 ($52.33) price objective on Zalando and gave the company a buy rating in a research report on Tuesday, April 16th. Goldman Sachs Group upgraded to a buy rating and set a GBX 1,180 ($15.42) price objective on the stock in a research report on Tuesday, June 4th. Finally, HSBC set a €11.00 ($12.79) price objective on SAF-HOLLAND and gave the company a neutral rating in a research report on Thursday, March 28th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of GBX 381.50 ($4.98).

Shares of LON:HMSO opened at GBX 279.70 ($3.65) on Tuesday. The company has a debt-to-equity ratio of 58.29, a current ratio of 0.71 and a quick ratio of 0.58. Hammerson has a 1-year low of GBX 262.20 ($3.43) and a 1-year high of GBX 550.60 ($7.19). The firm’s 50 day moving average price is GBX 279.51. The stock has a market capitalization of $2.14 billion and a P/E ratio of -8.20.

In other Hammerson news, insider David Atkins bought 17,000 shares of Hammerson stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average cost of GBX 295 ($3.85) per share, for a total transaction of £50,150 ($65,529.86). Also, insider Timon Drakesmith sold 32,202 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of GBX 316 ($4.13), for a total value of £101,758.32 ($132,965.27). Insiders have purchased 46,461 shares of company stock worth $13,387,087 over the last quarter.

Hammerson Company Profile

We are an owner, manager and developer of retail destinations in Europe. Our portfolio includes investments in 22 prime shopping centres in the UK, Ireland and France, 15 convenient retail parks in the UK and 20 premium outlets across Europe.

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Analyst Recommendations for Hammerson (LON:HMSO)

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