Barclays lowered shares of Hammerson (LON:HMSO) to an underweight rating in a research note published on Wednesday. They currently have GBX 410 ($5.36) price objective on the real estate investment trust’s stock, down from their previous price objective of GBX 500 ($6.53).
Other equities analysts have also recently issued research reports about the company. Deutsche Bank reiterated a hold rating on shares of Hammerson in a report on Monday, October 22nd. Peel Hunt reiterated a hold rating on shares of Hammerson in a report on Monday, July 23rd. Credit Suisse Group cut Hammerson to an underperform rating and cut their price objective for the company from GBX 550 ($7.19) to GBX 540 ($7.06) in a report on Thursday, August 23rd. Numis Securities reiterated a hold rating on shares of Hammerson in a report on Monday, August 6th. Finally, Liberum Capital reiterated a hold rating on shares of Hammerson in a report on Monday, October 8th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of GBX 539.62 ($7.05).
Shares of LON:HMSO traded down GBX 0.80 ($0.01) during trading on Wednesday, hitting GBX 444.70 ($5.81). 2,306,904 shares of the company’s stock 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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