Hammerson (HMSO) Given Hold Rating at Peel Hunt

Hammerson (LON:HMSO)‘s stock had its “hold” rating reiterated by analysts at Peel Hunt in a report issued on Wednesday, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts also recently issued reports on the stock. Barclays dropped their price objective on shares of Hammerson from GBX 410 ($5.36) to GBX 320 ($4.18) and set an “underweight” rating for the company in a report on Tuesday, April 16th. Stifel Nicolaus cut shares of Hammerson to a “sell” rating and lowered their price target for the stock from GBX 340 ($4.44) to GBX 300 ($3.92) in a report on Monday, April 8th. HSBC lowered their price target on shares of Hammerson from GBX 543 ($7.10) to GBX 400 ($5.23) and set a “buy” rating for the company in a report on Thursday, March 28th. Goldman Sachs Group lowered their price target on shares of Hammerson from GBX 367 ($4.80) to GBX 345 ($4.51) and set a “neutral” rating for the company in a report on Tuesday, March 19th. Finally, Deutsche Bank reiterated a “buy” rating on shares of Hammerson in a report on Tuesday, March 19th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 398.43 ($5.21).

Hammerson stock opened at GBX 296.70 ($3.88) on Wednesday. The company has a market capitalization of $2.26 billion and a PE ratio of -8.70. Hammerson has a 1 year low of GBX 300.70 ($3.93) and a 1 year high of GBX 567.60 ($7.42). The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 58.29.

In related news, insider Andrew Formica bought 22,000 shares of the stock in a transaction dated Thursday, May 9th. The stock was acquired at an average price of GBX 290 ($3.79) per share, for a total transaction of £63,800 ($83,366.00). Also, insider Timon Drakesmith sold 32,202 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of GBX 316 ($4.13), for a total transaction of £101,758.32 ($132,965.27).

About Hammerson

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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