Shares of Hammerson plc (LON:HMSO) have been given a consensus rating of “Hold” by the fifteen brokerages that are presently covering the company, MarketBeat reports. Nine analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 113.60 ($1.48).
Several brokerages have recently commented on HMSO. Goldman Sachs Group decreased their price objective on shares of Hammerson from GBX 105 ($1.37) to GBX 80 ($1.05) and set a “neutral” rating on the stock in a research report on Monday, June 8th. Peel Hunt reaffirmed a “reduce” rating on shares of Hammerson in a research note on Monday, August 3rd. Panmure Gordon cut shares of Hammerson to a “sell” rating in a research note on Wednesday, July 1st. Liberum Capital reaffirmed a “sell” rating on shares of Hammerson in a research note on Monday, August 3rd. Finally, UBS Group dropped their price objective on shares of Hammerson from GBX 220 ($2.87) to GBX 110 ($1.44) and set a “sell” rating for the company in a research note on Thursday, June 11th.
In other news, insider Desmond (Des) de Beer bought 300,000 shares of the stock in a transaction dated Thursday, August 13th. The stock was purchased at an average price of GBX 52 ($0.68) per share, for a total transaction of £156,000 ($203,841.63).
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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