Liberum Capital upgraded shares of Hansteen (LON:HSTN) to a buy rating in a research report sent to investors on Thursday, March 28th, ThisIsMoney.Co.Uk reports. The brokerage currently has GBX 110 ($1.44) target price on the real estate investment trust’s stock, up from their previous target price of GBX 105 ($1.37).
A number of other analysts also recently commented on the company. Peel Hunt restated an add rating on shares of Hansteen in a report on Monday, March 25th. Numis Securities restated a hold rating and set a GBX 95 ($1.24) price objective on shares of Hansteen in a report on Monday, March 25th.
Shares of Hansteen stock traded down GBX 1.40 ($0.02) during trading hours on Thursday, reaching GBX 91.30 ($1.19). 1,121,548 shares of the company’s stock were exchanged, compared to its average volume of 1,520,000. Hansteen has a 52-week low of GBX 85.60 ($1.12) and a 52-week high of GBX 133.80 ($1.75). The firm has a market cap of $387.24 million and a PE ratio of 6.86. The company has a quick ratio of 2.95, a current ratio of 3.63 and a debt-to-equity ratio of 52.97.
In other Hansteen news, insider Ian Richard Watson sold 391,846 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of GBX 94 ($1.23), for a total value of £368,335.24 ($481,295.23).
Hansteen Company Profile
Hansteen Holdings PLC is a company which is incorporated in the United Kingdom under the Companies Act 2006. The address of the registered office is 1st Floor, Pegasus House, 37-43 Sackville Street, London, W1S 3DL. The Group's principal activities are those of a property group investing mainly in industrial properties in Continental Europe and the United Kingdom.
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