Hammerson (HMSO) Given Hold Rating at Peel Hunt

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

A number of other equities research analysts have also recently commented on HMSO. HSBC cut their price target on shares of Hammerson from GBX 543 ($7.10) to GBX 400 ($5.23) and set a buy rating on the stock in a report on Thursday, March 28th. Stifel Nicolaus cut shares of Hammerson to a sell rating and cut their price target for the company from GBX 340 ($4.44) to GBX 300 ($3.92) in a report on Monday, April 8th. Barclays cut their price target on shares of Hammerson from GBX 410 ($5.36) to GBX 320 ($4.18) and set an underweight rating on the stock in a report on Tuesday, April 16th. Deutsche Bank reiterated a buy rating on shares of Hammerson in a report on Tuesday, February 26th. Finally, UBS Group reiterated a neutral rating and set a GBX 375 ($4.90) price target on shares of Hammerson in a report on Monday, February 25th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Hammerson currently has a consensus rating of Hold and an average target price of GBX 398.43 ($5.21).

LON:HMSO opened at GBX 287.70 ($3.76) on Tuesday. Hammerson has a 52 week low of GBX 285.80 ($3.73) and a 52 week high of GBX 561.40 ($7.34). The company has a debt-to-equity ratio of 58.29, a quick ratio of 0.58 and a current ratio of 0.71. The company has a market cap of $2.20 billion and a PE ratio of -8.44.

The business also recently announced a dividend, which was paid on Thursday, May 2nd. Investors of record on Thursday, March 21st were issued a GBX 14.80 ($0.19) dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a yield of 3.99%. This is a boost from Hammerson’s previous dividend of $11.10. Hammerson’s dividend payout ratio (DPR) is currently -0.76%.

In related news, insider Andrew Formica bought 22,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were bought 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 13,447 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of GBX 380 ($4.97), for a total transaction of £51,098.60 ($66,769.37).

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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